On the Facebook (FACEBOOK) M15 chart, we observe a bullish setup with a potential breakout attempt. The last candles show a series of higher highs and higher lows, indicating an upward momentum. The close above the previous resistance at 534.61 suggests a continuation of the uptrend. Volume was particularly high during the last rally, peaking at 1049, which confirms the strength of the move and supports a buy signal. The recent candles have formed a bullish engulfing pattern, further reinforcing the bullish bias. Looking forward, if price breaks above 537.51, it could lead to a move towards the target of…

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