The Moment of Truth for Facebook - 150 USD in Play?Last time we bought the dip at 161, and now we could be looking for a C retracement down.
For a B retracement FB cannot go higher than the previous high at 198, if it does that we have higher highs coming.
C target would be around 150 USD.
Please like the post, to be updated.
Fbasignals
Daily FB forecast timing analysis by Supply-Demand strengthStock investing strategies
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong buying flow to a suddenly strengthening selling flow.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.3% (HIGH) ~ -1.3% (LOW), -0.5% (CLOSE)
%AVG in case of rising: 2.3% (HIGH) ~ -0.2% (LOW), 1.8% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -1.4% (LOW), -0.6% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Facebook-CEO Mark Zuckerberg said he wants to make sending money( CNN ) — For the last year, Facebook has been signaling it wants in on the cryptocurrency phenomenon. At its F8 developers conference last month, cofounder and CEO Mark Zuckerberg said he wants to make sending money as easy as sending a photo: digital, immediate, free and secure.
On Tuesday, the company formally unveiled its highly-anticipated digital currency project. It's called Libra. Facebook also announced the creation of the Libra Association, an independent organization that will manage the currency, and Calibra, a unit of Facebook that will build applications related to the new digital currency.
Facebook has 2.4 billion users around the world, an audience that could help it spur a bigger mainstream adoption of cryptocurrency than others have yet to generate. At the same time, the announcement comes at a critical moment in Facebook's history. The company is under regulatory and political scrutiny for its massive influence, as well as its mishandling of user data, even as it works to further extend its reach into users' lives.
As part of the announcement, Facebook launched a test version of its blockchain, the technology upon which cryptocurrencies like bitcoin are built. It is open-source software, meaning developers can experiment with building applications on the platform and submit feedback on the code. The currency itself is set to launch in 2020.
"Libra's mission is to be a simple, global currency and financial infrastructure that empowers billions of people," said Facebook's David Marcus, who runs Calibra and headed up the Libra project. One of the aims of the project is to help the 1.7 billion people around the world who don't have bank accounts access a stable currency and financial services.
Over the past year, Facebook put together a team of executives and outside partners to work on Libra. Last May, Marcus, formerly president of PayPal, stepped down from his role as head of Facebook Messenger to build a blockchain team within the company.
In recent months, the company established the Libra Association, a not-for-profit governing body that will oversee Libra. Facebook says it did not want to be solely in charge of Libra because it intends for the cryptocurrency to be a "public good."
The group has 28 founding members — companies and nonprofits from several different countries — including Facebook , which says it will have just one equal vote. The association will be based in Geneva and officially take up its post this week overseeing the rollout of Libra. Facebook hopes to have 100 association members by the 2020 launch.
Among the founding members are heavy hitters in the tech, finance and nonprofit sectors, including Mastercard, Uber, Mercy Corps and Andreesen Horowitz. These partners bring expertise in areas key to the project: international financial regulations, blockchain and the financial needs of poor communities around the world.
How Libra will work
Users will be able to access Libra in a number of ways, not just through Facebook .
Facebook's new subsidiary Calibra will build a "wallet" application for people to use Libra, send it to their friends and make purchases on Facebook and Instagram. A button on Whatsapp and Messenger will allow users to send Libra in their message threads, the same way they send GIFs or emojis. Calibra will also operate as a standalone app.
Other companies will be able to build similar applications. For example, a bank could build an application allowing users to take out a loan in Libra, or a retail company could plug into the network so users can make payments in the digital currency.
But Libra will still face a hurdle to get widely adopted.
To get Libra, users will need to go to their local bank or money exchange to trade local currency for it. And for a user to spend the money their friend sent over Messenger without first depositing it back into their bank account will require, say, their favorite clothing store to accept Libra as payment, too. Though Facebook's large user base will give the cryptocurrency broad exposure initially, the effort's success will depend on consumers being able to do more than just use Libra on Facebook's platforms.
Libra will be backed 1:1 by a bundle of financial assets likely to include bank deposits and short-term government securities from the US Treasury, among others. This will help it avoid the volatility that has plagued other cryptocurrencies like bitcoin .
This kind of "stable coin" is highly unusual among cryptocurrencies, according to Ari Juel, a professor at the Jacobs Institute at Cornell Tech who studies cryptocurrency. Digital currencies are usually not backed 1:1 because that would tie up billions of dollars in reserve currencies that could not be used. Even traditional financial institutions, like US banks, do not fully back deposits this way, hence the need for FDIC deposit insurance.
However, this stability will be essential for the mainstream adoption of Libra, according to Union Square Ventures Partner Fred Wilson. Union Square Ventures has made a number of investments in the cryptocurrency sector in recent years and is a Libra Association founding member.
"People don't want to transact in a cryptocurrency that's not price stabilized," Wilson said. "They don't want to make payments in a currency that could go way up and they don't want to earn in something that could go way down."
Questions about the use of user data and Facebook's role
In recent months, Facebook has faced criticism from users and politicians over privacy and security issues on its platforms, and reports suggest it could face antitrust scrutiny.
Amid rumors of the company's cryptocurrency plans, the US Senate banking committee last month wrote a letter to Zuckerberg asking how the company would protect users' financial data. Facebook said it received the letter and is addressing the senators' questions.
For its part, Facebook said users' financial data will be handled solely by Calibra, and not be shared with Facebook or paired with users' social data.
The company has also been working with financial regulators in the United States and elsewhere. It developed a procedure to verify the identities of people who will use Libra on its platforms, to comply with government rules meant to mitigate cybercrime.
Even though Facebook won't solely control Libra, some in the industry worry that the project isn't in the spirit of the larger cryptocurrency sector, which has prized decentralization.
"With regards to international exposure, it's a positive but that may be where the positives end," said Richard Dennis, founder of cryptocurrency marketplace Temtum, which offers a digital currency. "With Facebook one of the biggest hoarders of personal data on the planet, there's a complete contradiction of what cryptocurrencies are meant to be — no one entity should hold the power, the data or most importantly control user funds."
Ultimately, Facebook is betting on its scale, as well as the customer bases of Libra Association members, to get consumers to buy into the technology.
Union Square Ventures' Wilson compared the project to when Microsoft installed Internet Explorer on all of its computers with Windows software, pushing mainstream consumers to access the internet, a network that had existed previously but hadn't yet infiltrated most households.
"Our hope is that Libra will do the same thing for the world of cryptocurrency," Wilson said. "I think it can be an on-ramp for consumers to this much, much larger world of cryptocurrency that's out there."
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.
Sell GBPUSD | Trading Plan 3 | Best & Clear ChartSell GBPUSD Entry: 1.3200 for TP3
I'm patient the price can go up to try to test again 1.31500- 1.31700, I'm waiting here if it tries to make a double top to Sell Again for long term trade until TP2 because I Know the GBP is really affected by bad news different to USD.
Sell GBPUSD is 80% secure and sure than buy GBPUSD because the Down Trend Mode is in a rally for Sellers.
Enjoy and Thanks to following me every time I really appreciate your comments and Likes.
NB: The range area can also be played by traders before the breakout for big Sell on rally again.
Time Frame: Daily.
Babacar J Diop
Coach, Trader, Economist, MBA in International Finance, Entrepreneur, Forbes.
Sell NZDJPY | Trading Plan 2 | Best & Clean Chart by Babacar J.Sell NZDJPY For TP2!
Investment Strategy Below!
I like this one because the trend is already in DOWNTREND MOOD confirmed by all my indicators and following trendline. the Bearish Engulfing makes the price down with high volatility impact.
I Will Sell When the Market opens for long term trade until Wednesday to close it with TP2 as my target.
Enjoy and Thanks to following me every time I really appreciate your comments and Likes.
NB: The range area can also be played by traders before the breakout for big Sell on rally again.
Time Frame: Daily.
Babacar J Diop
Coach, Trader, Economist, MBA in International Finance, Entrepreneur, Forbes.
Sell NZDCAD | Trading Plan 1 | Best & Clean Chart by Babacar J.Sell NZDCAD on the rally for TP3!
Investment strategy Below!
You can follow the Chart to decide your Entry to Sell NZDCAD but let me tell you the pair is safe to trade with low news this Week which can impact it too much. Traders will follow mostly Trading Indicators and Technical Analysis to decide about their investment.
My Advice, Babacar J Diop, is to invest for a long term like weekly as Swing Trader. Sell in any UP Trend or Pull Back (Retracement) for more profits.
Enjoy and Thanks to following me every time I really appreciate your comments and Likes.
Time Frame: Weekly.
Babacar J Diop
Coach, Trader, Economist, MBA in International Finance, Entrepreneur, Forbes.
Sell GBPCAD A Potential | Trading Plan 3 | Best Chart UpdatedAfter watching some news from Fx Street, Daily News and other I realize GBPCAD can be good potential Sell for TP 1.75520.
The Volatility is really good
The Price is on a resistance level waiting aggressive to put the price down
The ROC is reducing and a negative level can the price in a downtrend.
You can enter at 1.77948 where the price is mostly rejected for prudence.
Enjoy!
Babacar J.
Sell & BUY USDCAD | Trading Plan 2 | Best Chart UpdatedUSDCAD.
Sell USDCAD after the second TP Buy USDCAD can be a good setup also or if the Last TP is broken going more down another Big Sell USDCAD can happen.
Enjoy the Chart and Follow all the trend or rejection with the Fibonacci Retracement to take decision for scalping.
Babacar J.
AUDJPY Prediction: Trading Plan 1 | Best Chart UpdatedAUDJPY
I'm waiting for confirmation for Buying AUDJPY or Selling AUDJPY and all depend on the resistance if the price is rejected following by informative candlestick reversal patterns or a breakout after a pullback to Sell AUDJPY.
Keep Connect to see what gonna happen in Few Hours.
Thank you by following the Chart is in High Quality!
Babacar J.
Sell GBPUSD Take Profit: 1.13095 | Trading Plan 7 | Best Chart Dear followers and students,
I want to tell you with humility GBPUSD is in Sell mode with Entry 1.13500 for TP 1.13095.
Patience at the Key Level to Sell 1.13500
Pin Bar Rejection Effect at the same level
Strong Sellers in loading during next week.
Enjoy1
Babacar J.
Sell EURUSD TP: 1.12790 | Trading Plan 6 | Best Clean Chart EverSell EURSUD TP: 1.1290
All is clear and clean with the best chart updated and released. You can use this chart for a long time to do swing trade, day trade or scalp.
You can also learn with this chart how to trade EURUSD.
Enjoy!
Babacar J. Diop
Sell GOLD TP: 1298 - 1283 | Best Chart March 2019Dear students and Followers,
During 1 month you have asked me why I decided to stop a little bit trading GOLD, I decided it because since December 2018, I was in Buyer Mode and sharing accurate chart that you have earned a lot of pips during these last 3 months and I see now with the weekly Pin Bar Rejection things has now more changed than ever before.
GOLD can be a Big Sell and it's already on mood with the big candle following the blue pin bar rejection and also we can clearly see buyers are losing more and more momentum struggling a lot to pump the price but nothing when I say nothing is they have any energy and the masse to do it. The truth is Sellers are really strong than Buyers at this moment and the Weekly MACD is changing form and soon a cross between the blue and the orange line will confirm with confidence our analysis what will happen during these next day coming a big drop again until 1283. Buyers will try to resist but be patient big candle will never stop to kill them.
Monday, March 18 is a key day because all will be definitely clear for people doubting in Selling GOLD.
Thanks for reading and I hope you will Sell GOLD and using a good Risk Money Management.
Time Fame: Weekly
Enjoy!
Babacar J. Diop
Sell & Buy AUDUSD | Trading Plan 4 | Best Chart EverHi followers and students,
I decide to Sell and Buy AUDUSD.
The pair AUDUSD got high volatility confirmed on Friday, March 15, 2019, and what to say that is a good pair to trade next week and try to earn good money with it.
Currently, the AUDUSD is in Swing Mode going a little bit down trying to reach the 0,71700 areas and can go up following our Sell GBPAUD so high volatility again.
Follow only the chart to enter at the right time and good moment. My advice is to not forget the AUD New again because can make big and good pips on the floor.
Time Frame: 4H
Enjoy!
Babacar J. Diop
Sell NZDJPY TP: 75.880 | Trading Plan 1 | Best Chart Ever Hi, My students and followers from across the world.
Monday 18 March, I will definitely Sell again NZDJPY for TP: 75.880 using only 30pips in SL with a good Risk Size Lot because the volatility is really high as I like and the Trend is going Down. As you can see the price is rejected at the Resistance Key Level forming an Harami reversal candlestick pattern showing Sellers are in control in the market. The JPY New also can really influence sellers if this last is positive you can see a big candle or maybe some looking aggressively.
Time Frame: 4H
You can follow me and use a good risk reward to make this trade the best one.
Thank you for following me I really appreciate it.
Enjoy!
Babacar J.