Sticking with the FB Short

The FB short idea from yesterday is starting to look better, it's closer to the area in which it becomes a failed move (head fake).

Here are the current FB charts, I do still like FB long term and would consider it a buy on a decent pullback as long as there's accumulation in to the move, but right here it looks extended and like a small bull trap.

 This is the area FB looks to be in a small bull trap.

 You can see orders came in as FB broke above resistance with the volume spike the very minute it crossed resistance, now it's just at the level of crossing below and trapping some longs, as this is support I suspect it will hang around the area crossing back and forth a couple of times before a move lower.

 The charts still don't look good in the short term or perhaps on a slightly longer than swing basis-1 min

 2 min

 5 min

10 min.

Now we need the break below support, from there typically these move pretty fast to the downside.