If you read my analysis yesterday, I mentioned that I bought the FB March 28 $65.50 put options. I wrote a small analysis on why I bought these options. I missed out one part that every technical trader is looking at for next week with FB. As you can see below, FB has a possible bearish head and shoulders pattern. Today’s action did not want to break down the neckline to confirm this pattern. I’m betting and putting the odds in my favor that this pattern will complete.
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