Facebook Inc (FB) Heads Down For the 2nd Day In A Row, Breaks Below 20, 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart

3 mins read

The Hourly View for FB Last Updated February 19, 2021, 12:47 GMT At the time of this writing, FB’s price is down $-4.31 (-1.58%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on FB. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals,…

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