Rykin_Capital

Bearish on Facebook. NASDAQ: FB

Short
NASDAQ:META   Meta Platforms
I was looking through the hightech QQQ stock index and thought I might do a review on some of the major players in that index. FB had a monumental impulse,and it looks like we are coming to an end. RSI shows slowing momentum, EWO is in agreement with my fractal mapping. We are painitng ABC patterns here. If my count is right then we are correcting, and this too will drop unless FedReserve doesn't step in and start printing even more money. I will be watching this space closely. NFA .

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.