The 5 pattern Elliott wave has been completed on FB. The ABC pattern is about to begin. The A wave has already begun with an initial target of 63.31. It is being supported by a downward sloping RSI indicator. Be Bearish for the next couple of trading sessions till the target is hit. Take all the downtrends on Intraday charts for shorting. Do NOT look for RSI on...
The completion of the fourth wave will occur when the price hits $36.5 .. With all the bearish fundamentals about GM, we can confidently take the fifth wave from 36.5 to 32.5 .. Use every possible opportunity to sell from 36.5..