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This website here uses powerful charting software AmiBroker for charting and indicators.
Picture Worth a Thousand Words
Many of the answer is the additional lines and comments on the chart. See chart for more information.
FB Facebook Inc Stock Analysis
There are number of trading strategy, reversal trading is one of the common strategy. In other words, traders are looking to trade the top or bottom.
H M Gartley in May 1935 published a 446 pages book title Profits in the Stock Market discussed a chart pattern is now know as a reversal strategy, Gartley 222 Reversal Chart pattern.
Always wait for the chart pattern to complete, for example wait for three candlestick to complete a mountain or valley be for connection the top or bottom. So, the current chart Doji is not done yet. The trendline drawn is premature, be aware.
A note, the Asia market is bearish today, bearish is not bad for some traders. Please check out most of the key stock on August 12.
August 11, 2015 Facebook Inc
Thank you for visiting the website. Have fun!
Moses
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