Premium Preview: FB Face Down

$FB Day chart shows a rollover attempt while testing the bottom of GRZ (Golden Ratio Zone aka the area between 38.2% and 61.8% Fibonacci’s) at 111.95, this being initial  level to hold above or below.  A hold above it has very important resistance test at 115.88 because above there keeps an upside bias.

A hold below 111.95 has 107.99 target with potential breach to 106.31 or even 104.63, this will be the area for bulls to defend, below there has defined downside bias with an ideal target at 69.77 for a larger rotational harmonic pattern called a Shark.  There are points of interest along the way at 97.18 which is a probable bounce point and 89.37.

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