FB- Facebook Inc. - Fibonacci Technical Analysis

Currently Facebook (FB charts) at $144.68 is sitting just above the 38.2% Fibonacci retracement level that spans the run from its all time low of $17.55 to its all-time high of $218.62.  From below, "After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback."

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This 35% decline is the largest decline since Facebook fell 53.8% just peaking at $38 after its 2012 IPO then crashing to $17.55 a few months later.

Live version of these FB Charts

Last Blog Article:

• Market Update & Sentiment Charts After Major Sell-off

More Info:

• Fibonacci number
• Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci Retracements can also be applied after a decline to forecast the length of a counter-trend bounce. These retracements can be combined with other indicators and price patterns to create an overall strategy.

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