It looks that way. We don't have a long enough history to know how FB trades, but there have been some great signals and it looks like it wants to bounce, beyond that, the charts are ugly.
FB 1 min positive divergence
FB 2 min with some excellent negative divergent signals-VERY CLEAR, and a current leading positive divergence- suggesting a bounce, bigger than any FB has seen thus far.
3 min chart also showing a positive divergence and likelihood of a bounce.
The 30 min chart is in line with price action so I can't view this as anything more than a bounce at this point, the bigger picture confirms the overall downtrend.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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