Facebook (FB)
QQQ holding last trend lineOBV divergence signaled a potential correction, as price were making higher highs, OBV was making a lower high.
On the plus side, we are making higher lows since march lows.
There is a resistance trend line that is still holding, and is now coincident with the 61.8% Fibonacci retracement line.
A buy with a stop below the trend line has worked great the last 3 consecutive times it tested.
If we do keep selling off, I expect the next place we could pause at the $298 level, just below the 200sma.
FACEBOOK Hit Support! Small Long! Buy!
Hello,Traders!
FACEBOOK is retesting the horizontal support
On the daily chart, from which I am expecting
A bullish rebound to the upside
With a modest and reasonable target
Buy!
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See other ideas below too!
Elliott Wave View: Facebook Correction May ExtendShort Term Elliott Wave structure for Facebook (FB) suggests the rally from January 14, 2021 low ended wave ((1)) at 322.86 as an impulse Elliott Wave structure. In the 1 hour chart below, we can see wave (4) of this impulse ended at 295 and from there it rallied in wave (5) as an impulse in lesser degree towards 322.86. This completed wave ((1)) in higher degree.
Wave ((2)) pullback is currently in progress to correct cycle from January 14 low before the rally in the stock resumes. Internal subdivision of wave ((2)) is proposed to be in a zigzag Elliott Wave structure. Down from wave ((1)), wave 1 ended at 313 and wave 2 bounce ended at 326.44. Stock then resumed lower in wave 3 towards 297.75, and bounce in wave 4 ended at 306.83. Facebook now can see 1 more leg lower to end wave 5 which should complete wave (A) in higher degree.
Afterwards, the stock should see a wave (B) bounce to correct cycle from April 29 high before the decline resumes in wave (C) of ((2)). As far as pivot at 332.86 high stays intact, expect rally to fail in the sequence of 3, 7, or 11 swing for another leg lower.
How far Apple could Slip???Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
Hourly Chart: Lower border of Megaphone, should be supported around 130. (Neutral)
Daily Chart: Lowest close since April 12, close below daily open in the last 5 trading sessions, and increased volume above monthly average while the price fails to close above daily open is in favor of bearish case! (Bearish)
Weekly Chart: Bearish engulfing after 2 Doji candles. (Bearish)
Monthly Chart: Failure to close above 132.49 in the last 4 months, which means Apple's return in 2021 is slightly negative so far! (Neutral)
Change in Average Dollar Value of Trades: -18% in the first 4 months of 2021 in comparison to the last 4 months of 2020. (Bearish)
Conclusion: Neutral-Bearish in May is the most probable scenario.
Educational Article:
1- Megaphone or Broadening Pattern:
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2-Bearish Engulfing:
www.investopedia.com
3-Resistance:
www.investopedia.com
4- Multi-timeframe Analysis:
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5-Dollar volume:
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Bearish TrendThere is a clear correction taking place throughout the market. FB is no different. On the daily chart MACD is in a sale and momentum is down. As well, the Heikin-Ashi candles are showing a clear downward trend. It appears that FB may be at a level of support. IF it pushes through this level of support look to short. Otherwise, it may come back up near the 20 SMA. IF, it does this and doesn't push through the 20, look for that as an entry to short.
What happened yesterday..?The key to success in this market is to know at least 3 things:
1- how retail investors behave?
2- how Algorithms Behave?
3- How big investment firms behave?
Then you can have a good analysis and act based on that:
I asked my private followers to short Tesla for the last 2 weeks and insist to do that yesterday after the Down Gap followed by the big Green candle!
Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
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Educational Articles:
1- www.investopedia.com
2- www.investopedia.com
3- www.investopedia.com
4- www.investopedia.com
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Do not follow ARK invest..!My private followers Just made a+50% to +100% gain by shorting Palantir when it was above 20 yesterday! (buy put 20, May 14, 2021, at 64 cents!)
I don't sell signals, I teach people how to make profits out of market opportunities.
For instance, do you know what type of Gaps were created in most Stocks yesterday, and how you should play them?
My followers know because I send them educational articles below my posts!
I spend 6 months studying the ARK investment behavior and I found most of their tricks..!
While Ark invest has had a great performance of +988% between Feb 2016 and Feb 2021, they had a -38% loss in the last 3 months!
Their best days have gone..! they are trapped in the bubble they created through social media propaganda! I warned people since mid-February 2021!
TDOCIf TDOC stays under 167 it can make its way down to 154, 148, 135. If TDOC can get back over 175, it can make its way back up towards 190.
What is an Advanced Breakout and how to trade it?Hello Tradingview community! Today I want to share something which is pretty rare to see around, the Advanced Breakouts (AB)!
What is an AB? Is an event when the indicator may anticipate the price's movement. Some indicators like the RSI or the OBV are great for this, and in this analysis, I'll use the RSI as an example.
See the movement on the Nasdaq 100 today? While the price did a double bottom, the indicator didn't, and that's a divergence. But when we see the indicator doing higher highs / higher lows while the price isn't, this is an AB! Usually, this anticipates the next movement on the price, in the direction of the AB.
And we have different types of ABs. Some of them are weaker, some are stronger. Let's see more examples. Since the Nasdaq 100 is doing an AB, some of the faangs are doing this too, like FB:
Here is an example of a weak AB. We have almost no divergence, but the indicator is already doing a new high, while the price isn't. The divergence on AAPL is a little stronger:
The RSI did a twin mountains pattern, but it didn't work and now it is doing a new high. The price did no such thing, and has yet to break the previous high. But this AB is not as strong as the one seen on AMZN:
On AMZN's chart it has an inverted head and shoulders, while the RSI has a strong divergence, as it is doing higher highs and higher lows. Also, AMZN's RSI already broke its resistances, while the price is still falling. This is a strong divergence and an incredibly strong AB.
But since the indicator is anticipating the price's movement, some people will trade the indicator, without waiting for the confirmation on the price. This is a mistake, and it could affect the chances of success of your trade. Always wait for the confirmation on the price. For instance, wait for AMZN's inverted head and shoulders to be triggered before trading it, and use the AB as a confirmation of your initial thoughts.
This is it, community! This is the Advanced Breakout and how to trade it! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NASDAQ 100 (US100) – Week 17 – Eyes on a new record topIn the past day, Tesla (TSLA), one of the most traded stocks, reported a record quarterly profit as it released its earnings after the closing bell. Apple (AAPL) and Facebook (FB) are scheduled to report today, followed by Amazon (AMZN) on Thursday.
In our previous analysis, we correctly forecasted the price to break the 14.000 psychological level.
For this week, we are expecting to break the top one more time before falling into a corrective phase that can reach the support or the liquidity pool area that we highlighted on the chart. A trendline breakout, followed by a consolidation, could put some pressure on the price as it can fall into even more bearish territory.
Another indication that the market is close to lose some of its bullish momentum is that our RSI Indicator is close to an overbought level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
GOOD POSITION!INCREASE IN SALE ACCOMPANIED BY A GOOD TECHNICAL POSITION
MORE THAN 100 PERCENT IN NEXT WEEKS IS EXPECTED ;)
FB Monday trade only 1. Expansion Break out- bullish (4/29) 2. Inside day- creates Jack-In-The-Box (bullish) trade (4/30) 3. MACD signal- bullish 4. Buy on Monday 5c above ($331.86) (4/29) day high set stop loss at 328.50
If the stock closes strongly in the top of the day's range, hold at least half of your position overnight, as it's likely to follow through the next day.
(Not financial advice) (information from Hit & Run trading II)
Exceptional Earning but no bullish move..!Technical review of the biggest 5 market cap companies with Tesla chart in January 2021.
1-Apple:
The good report followed by lower prices in the last 2 days!
2-MSFT:
The bearish two black gapping continuation pattern appears after a notable top in an uptrend, with a gap down that yields two black bars posting lower lows. This pattern predicts that the decline will continue to even lower lows, perhaps triggering a broader-scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 68% accuracy rate.
3-Amazon: another great earning report but failed to close higher.
4-Google: exceptional performance but close 3-4% higher and create a long upper shadow.
5-Facebook:
The hanging man occurs when two main criteria are present:
The asset has been in an uptrend.
The candle has a small real body (distance between open and close) and a long lower shadow. There is little to no upper shadow.
Usually, at the end of any bullish run, prices open at higher levels but fail to close at a higher level. you can see this pattern in all of these tech giants.
If you compare these charts with Tesla's chart in January 2021, you will see the creat similar parents, although they did not experience the hype tesla experienced.
Another thing that makes it more concerning is the average weekly trading value decreased 40-50% in most of the equities in the market!
www.investopedia.com
www.investopedia.com
Long facebookdownside correction is against the trend which has broken up. I expected a rising in FB.
FACEBOOK - Was a Great Time to Buy but we need HIGHERFurther to my previous idea , Facebook timing was a great for a Buy, as expected/prognosed.
Now the price can do a a lot better and go higher, after it rose over 8% after my post.
Take a look at the projection here, on the bigger chart
FB Ready to Soar Past the Psychological Resistance on Robust EPSFacebook's earnings rose by 48 per cent from a year earlier, causing the company's share price to explode by more than 7 per cent in the pre-open hours.
It has recently broken out above the upper boundary of the Ascending Wedge, which signifies the strong bullish sentiment in the market.
The uptrend was resumed after a minor throwback to the Wedge from above, and the price has broken out above the psychologically significant resistance level at 300.00 since then.
Notice that it is currently consolidating above this major make-it-or-break-it point, which is converging with the 20-day MA (in red). Given the record-breaking earnings data from yesterday, Facebook's rally is more than likely to be extended further into uncharted territory next.
BUY FACEBOOK or keep in te wallet/ACHETER ou Garder BUY FACEBOOK or keep in te wallet/ACHETER ou Garder
Hello everyone, according to my graphical analysis of PAYPAL , there is a high probability of an increase.
Bonjour à tous, d'après mon analyse graphique PAYPAL , il y a une forte probabilité d'augmentation
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