FACEBOOK THE DUMP IS CLEAR NOWThis couldnt be more clear. Facebook had an ABC retracement up finishing of the C wave. At 174,2. To make it more clear, we have 5 subwaves.
Within the 5th subwave we have 5 sub-subwaves ending at 2.272 extension. Everything is lining up for this dump.
We keep creating lower highs on the RSI, which means we are losing bullish momentum. MACD is also slowly ticking down towards the bearish side.
My SL is set to 174,4
TP: Is at the last support at 150.
Facebookshort
OMG FB is Back!!! No, no it's notTip of da hat FB, those bot impressions are amazing, glad you had a nice news pump but you hit your wall. The weekly Kejun-Sen is a powerful level you're not getting through. It might rise a little on Mondays open to re-test the level, but it's highly unlikely it gets through this level unless the whole market goes on a crazy bullish streak which I also don't see on Monday, I"m shorting this.
The FALL of Facebook Facebook in technical terms is screwed.
All the lawsuits and bad press surrounding Facebook over the past year has forced its price lower, both technical and fundamental analysis look bad for Facebook.
You can see from our chart that price has been respecting a bearish trend line and using it as resistance, this lines up with fundamentals and we can only see things getting worse for this " market giant"
We will be entering this trade once we have confirmation, All entry, TP and SL will be sent out to our clients once trade is valid, If you are interested in joining our team then just message us as we offer a 2 week trial to our VIP group.
Facebook ShortFacebook can't seem to catch a break, with weekly scandals and now the U.S. government suing them. The majority of Facebook shareholders are large pensions that are extremely risk adverse (as opposed to Tesla, which is held mostly by speculators). These large pension funds hold Facebook for one reason and one reason only - to obtain a *stable* and *safe* return on their investment. Once you take out the "stable" and "safe" aspects of Facebook, the pensions are bound to liquidate their positions. This looks at what a potential continued sell off in Facebook shares would look like.
Clear Break Out Of 5 Year ChannelFacebook has been trending inside the same channel for nearly 5 years. It recently broke out of the channel, and not in a false flag or noise sort of way - instead, the break is very clear, and very ominous, since Facebook basically hasn't experienced anything like this for its stock price in over 5 years. The silver lining is that the stock appears to have rebounded off its lower low (blue line) indicating that the stock won't go into free fall. However, when combined with the macro environment of the overall stock market and nearly 7% drop of the S&P 500 in the last 15 days, look for continued movement outside the channel in the future.
FB: Lets See If I'm Wrong Hi All,
It's all in the chart
I'm very bearish on FB but I could be completely wrong depending on future changes,
This is me being completely objective
Be sure to follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People....
Easy FaceBook Trade +30% in 90 days w/ Spectro™ MThis is a textbook trade using Spectro™ M
The green triangles mean that Spectro's Reversal Confirmation is triggered, so after that we just waited for the next conservative Spectro™ M alert and bough in, still no sell alert but we have the red triangles warning for a big correction or reversal so we just closed this position.
So if you're thinking about shorting it, I'd get ready for a possible good entry point.
Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
STEEM/Bitcoin Cycles Warm For A Few Days-Big Chill Coming?STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield
Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time suggests the same thing, as in the case here.
SUMMARY: BOUNCE THEN LOWER, SO LOOK FOR SHORT OPPORTUNITIES AFTER NEXT TWO WAVE 4 BOUNCES.
Currently on Andrews Median Median Line support after a 5 wave down. This should provide a smaller degree Wave 4 a bounce for several days to sell into.
Then, down again. Why?
Cycles, Elliott Wave count, Gann/Andrews/Schiff lines are all still bearish.
CM_Williams indicator has slight bullish divergence, enough to support a small degree Wave 4 bounce.
But, the fact that it made lower lows on the swing before, supports our longer-term bearish view.
Solid red and green arrows show most likely path.
Dashed red and green arrow show less likely path
NO BREAKOUT UP UNTIL:
1. Daily close above the pink dashed horizontal line, which, is the prior Wave (1) low, and would likely invalidate bearish view.
2. Daily close above the red Andrews pitchfork upper channel line.
3. Daily close above the blue dashed Gann 3:1 line, whichever of the three possibilities comes first.
ELLIOTT WAVES, BIG PICTURE:p
Most likely path appears to be larger ABC zigzag or larger ABCDE contracting pattern, but unclear as yet.
I show both, so if you move the chart around you should see larger picture wave counts. We do not yet know if STEEM will boil and take off up after the forecasted (C) wave low or simply have a larger Wave (D) bounce followed by a Wave E) wave low, perhaps into the apex of a contracting pattern. If STEEM does take off with high volume after the Wave (C) low, and moves up in clear non-overlapping 5 wave pattern, then STEEM could have the beginning of a new impulse wave up, sooner rather than later.
CYCLES:
Cycles are about potential general energy shifts, not necessarily exact turning points. Sometimes they invert, sometimes they are perfectly timed with market highs and lows.
Cycles, are meant for general trend guidance.
Blue cycle = general trend thus far. Next trough, September 25, 2018.
Green cycle aligned with the 3 major lows. Next trough, August 26, 2018.
Red cycle tends to catch intermediate highs. Next trough, July 29th. This could be telling if the market gets unusually strong after July 29th. Watch for that date to see if the energy shifts dramatically up.
General guidance: Look for SHORT opportunities into possible lows around the end of July,, end of August, end of September.
NOTE: Do not use cycles alone!
We really like the SteemIt platform and hope it keeps growing! Definitely check out SteemIt as a competitor for Medium.com and eventually, perhaps other social media sites like Facebook and YouTube, since SteemIt integrates with Dtube and “pays” you for content, unfettered by the powers that seek to control free speech and hold some blockchains down until they have their own versions to gain even more power.
BOTTOM LINE:
More cooling off ahead after two Wave 4s of different degrees have their short-term pop ups.
Then down again to complete at least a Wave (C) low, possibly lower, or a Wave (E) apex in a wedge or triangle.
Lows in the end of July, end of August, and/or end of September, 2018.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
Facebook ShortRecent spice was caused by the earnings report. However, facebook still remains very risk stock due to recent data scandal.
Disclaimer
It is not a financial advice, everything you see in this chart is a personal opinion, should not be used as an offer to buy, hold or sell any security.
Parabolic muchLooking Facebook's parabolic move in the last few years.
Bearish divergence in volume, with indicators showing a nice bounce.
It was overbought for a while. A pulback after some really bad news with has since bounced but im calling a top on FB. It will eventually reach the kill zone where i believe there will be a very big and healthy pull back with a ABC retracement.
Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
Facebook Drop PredictionGiven the recent Cambridge Analytica scandal as well as what happened to the launch of some FB products as well as their API system, things are not looking good. Also the #DeleteFacebook party led by WhatsApp's Co-Founder isn't having investors amused. While Facebook will most likely recover, this is one of the first time their stocks had such a large dip in price. The rebound period will take a while given the whole outlash in the market as well as how the public views Facebook as of now.
It seems that the bleeding is over... or not? #FBNASDAQ:FB
It has stopped falling, but there is still no strong bullish sentiment
But beware of taking long positions above 160 or too high, surely we will have a few days of lateral, where it will continue to fall when there is news of Zuckerberg's statements to end up slowly.
In the middle of the ichimoku's cloud and with many resistances such as the averages of 50, 100 and 200 will not be easy to overcome.
Confidence is not immediate, to raise the investor must first forget all doubts about privacy, which will depend if Zuckerberg convinces us.
FB collapsing and still can not find support! CryptoKarma? HODL?FB
Horrible panorama for FB and the others FAANG
Premarket is falling at least 1.14% at this hour post
If it does not stop at the 167.18 (purple horizontal line) support the best thing is to step aside
FAANG should be more concerned about the privacy of its users
FB stock analysis as mark going to sell 75 million sharesMark Zuckerberg will sell as many as 75 million Facebook shares, What it means for investors? Is it the time to press the panic button?
Wall Street stock market weekly technical analysis
CNBC News Summary:
Mark Zuckerberg Co-founder Facebook will sell a large number of shares over the next 18 months in sales that would be worth between $6 billion and $12.8 billion based on the stock’s current price.
The intention to sell between 35 million and 75 million shares was disclosed in a securities filing to the exchange late Friday.
Proceeds of the sale will go “to fund the philanthropic initiatives of Mr. Zuckerberg and his wife, Priscilla Chan,” the filing said.