FB: Longterm Short TradeGood Morning TradingView Family!
Today we are looking at the FACEBOOK stock on the larger timeframes. Please note that im not that much into stocks and most likely trade currencies!
But this longterm short setup got my eye. Price from FB did break through the 200 Dollar mark and now is consolidating. From this point on i really like to see a larger correction to the downside.
First potential price targets are around the 181.00 Dollar area.
Wishing everyone success and a great trading day!
Facebooktrade
Elliott Wave View Favors More Upside in FacebookElliott Wave view on Facebook (ticker FB) suggests that the rally from March 19, 2019 low is unfolding as an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (2) of this impulse ended at $161.99. The rally from there to $179.19 ended wave (3). Internal of wave (3) subdivides as an impulse of lesser degree. Up from $161.99, wave 1 ended at $169.45 and wave 2 pullback ended at $163.33. The stock extended higher in wave 3 to $178, wave 4 ended at $174, and wave 5 of (3) ended at $179.19.
Wave (4) pullback is now in progress to correct cycle from March 25, 2019 low (161.99) in 3, 7, or 11 swing before the stock resumes higher again. While staying below $179.19, the stock has a chance to turn lower in wave (4) as a double correction. If the stock breaks above $179.19 from here, then it can still be part of wave (3) in extended wave 5. We don’t like selling the stock and favor more upside as far as pivot at $161.99 stays intact.
Facebook Short +8% Max Profit PotentialReading some of our Spectro M and considering some of bad press FB is getting due to shady partnerships with government entities for content censorship and monitoring I'd bet on a bearish short-term call.
The Volume Analyzer, the color under the candles just went red, it's on precision mode so it's pretty fast and reactive.
We just had a Spectro M Warning,
Targets for profit and risk-management are all provided by all our Smart Adaptative Fibo Algo.
I've been testing Fisher for some entries and we just had a cross so - I'm in!
Elliott Wave View Suggest Another Push Higher In FacebookElliott wave view in Facebook (ticker symbol: $FB) suggests that the rally from December 24.2018 low ($122.55) is unfolding as Elliott wave zigzag structure. The first leg of a zigzag structure ended in wave ((A)) at $152.43 high. Down from there, wave ((B)) pullback unfolded as double three structure where wave (W) ended at $146.37 low. Wave (X) bounce ended at $148.80 high and wave (Y) of ((B)) ended at $142.52 low. A zigzag structure is a 5-3-5 structure where wave ((A)) & ((C)) can unfold as an impulse or a diagonal structures.
In Facebook case, the wave ((C)) is taking a form of an impulse structure where wave (1) ended at $149.83. Wave (2) pullback ended at $143.46 low in lesser degree zigzag structure. Wave (3) ended at $171.68 high in lesser degree 5 waves structure. And wave (4) pullback unfolded as double three structure where wave W ended at $165.35 low. Wave X bounce ended at $169.10 high and wave Y of (4) ended at $163.67 low.
While above there, the stock is expected to resume the upside 1 more time in wave (5) towards $172.61-$191.13 100%-161.8% Fibonacci extension area of ((A))-((B)) before it ends the zigzag structure & turns lower again or pull back in 3 swings at least. Near-term, while above $1163.67 low, expect Facebook to extend higher.
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.
FACEBOOK resistance turned supportAs you can see from our chart the Facebook has been testing and respecting our trend line and using it as resistance for months, just recently it has broken this trend line and has come back down and is now using it as support.
Entry, SL and TPs are all reserved for our clients, if you are interested in joining our team then please send us a message.
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....
Long $FB off this bullish divergence and falling wedgePossibly a risky trade given the shaky sentiment in the markets right now but I couldn't resist an opportunity to pick up some $FB at this price based on the bullish divergence, falling wedge pattern and indicators screaming oversold. There's always the possibility this moves against me to the downside hence my stop loss.. I'm willing to enter long here and see how it plays out and no big deal if my s/l gets taken out on this one. Not financial advice.
Facebook bulls almost ready to takeoverWe could se a retest of the key support line ( 169.63 ) on the daily timeframe, price has tested and bounced on a few occasions ( marked by the arrows on the chart ) if we take into account the fundamentals along with the technical analysis both point to the bulls taking over and pushing price higher.
• Daily active users (DAUs) – DAUs were 1.47 billion on average for June 2018, an increase of 11% year-overyear.
• Monthly active users (MAUs) – MAUs were 2.23 billion as of June 30, 2018, an increase of 11% year-overyear.
• Mobile advertising revenue – Mobile advertising revenue represented approximately 91% of advertising revenue for the second quarter of 2018, up from approximately 87% of advertising revenue in the second quarter of 2017.
Trade will be sent to our clients along with SL and TP once it becomes valid to enter, if you would like to join us then please message.
Facebook heading in correct directionTake a look at our charts, we called the Facebook long, as soon as we called it we had 2 days of bullish movement.
Hours and hours of reading reports, earnings and news pays off, this is what we do for our clients.
All TP and SL are reserved for our clients.
Please message us if you are interested in joining.
Look at the Bigger Picture, the UPTREND is still intact $FBIf you a take a step back and look at the bigger picture, the uptrend is still intact. Fundamentally, the earnings weren't disastrous. I felt that physiologically, too many people piled into FB in the past few months with a very optimistic view and once they heard a droplet of bad news, they over-reacted and the stock plummeted. However, hindsight is 20/20 but playing earnings is many times like flipping a coin. I've taken advantage of this recent drop and have purchased future dated call options.
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DISCLAIMER
Disclosure: I/we have positions in the investments/securities mentioned.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose investments/securities is mentioned in this article.
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
Facebook is one step away from the biggest failure in the historLooking at the Facebook share price chart (see the figure above), there are literally no signs of an approaching disaster: the price at record highs and the annual growth rate approached 25%. But trouble is already knocking on the door. Yesterday after the market close, the company unveiled quarterly results. And we can’t say that they were very much a failure. Revenue rose 42% to $ 13.2 billion (although analysts had expected $ 13.3, but the deviation is quite insignificant within the margin of error). The number of active users was 1.47 billion (analysts' expectations of 1.48 billion), which is 11% more than a year ago. Net income per share even exceeded forecasts of analysts $ 1.74 (analysts' expectations of $ 1.71).
But investors reacted very painfully to the comments of David Wehner, the chief financial officer, that the company's revenue growth will continue to slow. He noted that the rate of revenue growth will soon become a single-digit number from a two-digit number.
After that during the after-hours trading shares of the company collapsed by 24% (!). This is the largest one-day drop in the history of the US stock market in USD terms. The company lost over $ 150 billion (!) in several hours. What makes Facebook an absolute champion. Recall that before that, Intel was ranked first (the amount of one-day losses was $ 91 billion), followed by Microsoft ($ 77 billion), Apple ($ 60 billion) and Exxon Moblie ($ 52 billion).
Despite a quite depressing picture, we consider such a development of events a classic market overreaction, when investors and traders greatly overestimate the significance of an event and the price deviates significantly from the fundamental value. This leads to the appearance of temporary inefficiency in the stock market, that is, opportunities for earning. The fact is that anomalies (and in this case it is a classic case of a market anomaly) tend not to last long and the markets return to their equilibrium state.
Therefore, we recommend taking advantage of the unique opportunity that arises extremely rarely and earn by trading on Facebook promotions. According to the OverReaction Hypothesis, deviation from the equilibrium price in the form of overreaction disappears with time and occurs in the form of the contrary movement. That is, after a sharp decline in shares, Facebook should grow in value. Therefore, we recommend today the purchase of Facebook shares for quick earnings. Once again, this is a unique opportunity, and such chances arise on the market very rarely.
Facebook Elliott Wave Analysis: Pullback Remains In ProgressHello Traders,
In this Elliott Wave Analysis, we will have a look at Facebook in the 1-hour chart.
Short-term Elliott wave analysis suggests that the rally to $203.55 ended in black wave ((1)). Down from there, the pullback in black wave ((2)) remains in progress in 3, 7 or 11 swings to correct cycle from 3/26/2018 low. The internals of that pullback shows an overlapping structure thus suggesting that the correction takes the form of corrective structure i.e either (W),(X),(Y) or (W),(X),(Y),(X),(Z) structure.
Below from $203.55 high, the pullback is proposed to be unfolding as Elliott Wave double three structure where blue wave (W) ended at 193.11, blue wave (X) ended at 200.75, and blue wave (Y) of ((2)) remains still in progress. The internal of blue wave (W) also unfolded as a double three structure where red wave W ended in 3 swings at $199.31, red wave X ended $202.24 and red wave Y of blue (W) ended at $193.11 as a Flat. Up from there, blue wave (X) also unfolded in 3 swings as Elliott Zigzag structure with red wave A ended at $199.40, red wave B ended at $195.98 and red wave C of blue (X) ended at $200.74 high.
Down from there, blue wave (Y) of black ((2)) remains in progress as another double three structure. Internals of that decline ended red wave W in 3 swings at $192.22 and red wave X ended at $197.45. Near-term focus remains towards $188.92-$186.90, which is 100%-123.6% Fibonacci extension area of blue wave (W)-(X) to end black wave ((2)) pullback. Afterwards, the stock is expected to find buyers for black wave ((3)) higher ideally or should do a 3 waves reaction higher at least. We don’t like selling it into a proposed pullback as the right side remains to the upside in the higher timeframe.