This video is a follow up to last week where we pointed out that key support on FB held in the 72.40-73 range. Once support held, the move higher ran such that nearly 100% of the retracement distance was reached above the breakout level. In order to project the distance of the next pullback, we will use symmetry analysis to measure previous similar moves. This would give us an area of 73.49-74.29 as the next potential buy entry. If the signal is confirmed, it should not only be a setup for an intraday trade, but also an entry for a larger move on the daily chart.

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