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FB: Conviction to the downside

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Facebook has a neutral to downside pressure. Downside to the 210-200 would be the first target if the trend continues. There are many possibilities into the world of Facebook / Metaverse, but challenges ahead will be more subjective than what many believe. In any case, the main focus is the charts and not the company itself; therefore, keep an eye on that April 7th low.

Even with some upside impulse moves in this bearish market; there needs to be significant conviction in both time and price to warrant a change in the complexion of its structure.

Until chart / price action complexion changes sentiment remains the same.
Nota
Been a solid ride on Facebook.

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