#Facebook lost 40% from its peak values in the middle of the year and sank to low levels, which we have not seen since February 2017.

Markets shrug off fears of the spread of coronavirus. Influence on markets is becoming more selective (at the level of companies and sectors, rather than the overall risk-off).

Now focus of market participants turns to monetary policy and possible changes in the tone of the Fed's comments later this evening. Against this background, the #USD is experiencing some traction to the detriment of so-called yielding currencies.

Yesterday after market close #Apple and several other companies issued robust earnings reports, which supported the demand for risks. Later Today, AT&T, #Boeing, #McDonalds, #MasterCard report before the US market open. After its close, #Microsoft, #Facebook, #Tesla and many more will present their quarterly results.

#WaveAnalysis
#Facebook broke key resistance level 215.00
Likely to rise to 224.00

https://fxpro.news/market-snapshots/facebook-wave-analysis-19-february-2019-20200219/

#WaveAnalysis

#Facebook broke daily down channel

• Likely to rise to resistance level 285

https://fxpro.news/market-snapshots/facebook-wave-analysis-16-march-2021-20210316/

#WaveAnalysis

#Facebook reversed from support area

• Likely to rise to resistance level 320.00

https://fxpro.news/technical-analysis/facebook-wave-analysis-13-may-2021-20210513/

#Facebook reversed from support zone
• Likely to rise to resistance level 356.00

Facebook recently reversed up from the support zone lying between the support level 334.00, lower daily Bollinger Band and the support trendline of the daily up channel from May.

The upward reversal from this support zone created the daily candlesticks reversal pattern Morning Star which stopped the previous correction 4 and started the active impulse wave 5.

Facebook can be expected to rise toward the next resistance level 356.00 (which stopped the three previous waves – (ii), 3 and (b)).