Facebook (FB) has been bullish in 2017, but was consolidating since late July throughout August. By the start of September, it looks like FB is continuing the prevailing uptrend because price has broken above a classic "pennant" pattern, which signals bullish continuation. Facebook (FB) Daily Chart(click to enlarge)Pennant Breakout:- The daily chart shows the bullish trajectory of FB in 2017. - We can also see a "wedge" or "pennant in August. - The break above this pattner's falling resistance signals bullish continuation.- This means, price is likely going to test 175, and since the prevailing trend is intact, we can expect price to push higher with the 200 psychological level in sight. - At this point, 170 has become a key support pivot. If price falls below 170, then we might want to anticipate a longer period of consolidation before continuing the prevailing uptrend.