Wave B/2 expanded flat looks complete
Has been bouncing off the 1.236 extension going both ways... reads like a textbook expanded flat correction w/ another leg down to begin soon. With market in overbought conditions and FB historically dumping post earnings for at least a few wks this seems like a no-brainer short right now.
Note
Took some profits here in the past 2 days but the theory looks sound. Will wait for confirmed break of channel or reenter shorts at 193+.Note
Re-up time. GO GO GO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.