- Facebook has give a Bearish Engulfing pattern at Golden ratio.
- Daily chart is seeking support at 200 Day SMA. Price has to close below 200 SMA for the bearish engulfing to be effective.
- Resistance is seen at the Golden ratio for the up move from 22 to 29. Bulls need to close above Golden ratio to invalidate the effects of Bearish Engulfing setup.
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