PranavShandilya
Long

FB long very short term

NASDAQ:FB   FACEBOOK INC
215 6 3
The wave C is likely to begin right now. In support, we can see that accumulation has also begun for the stock. Additionally, RSI is bouncing from the oversold levels. This is a good time to trade FB             on an Intraday basis. Look for pre-market sentiments before trading.

Cheers and Good Luck!
Drop the chart to 15 mins. The internal wave counts need to be correct. You may notice that we are already in wave 4 of C.
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PranavShandilya resurrector007
Do you know that more than 60% of the time, for every wave count done according to EWT, there is an opposite count going on on another time-frame. And the counts vary for every person out there. Its a theoretical subject and people argue about the counts everytime. The Idea is to stay put to one time-frame without messing up with others and catch the trends with a good Risk to Reward Ratio. I'm sure if you switch to the hourly or daily chart, you'll find even more contradicting counts. So stick to one time-frame :)
Cheers.
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resurrector007 PRO PranavShandilya
Yes your right. I stuck to the hourly, however, wave one seemed very odd and everything cleared up when i dropped to the 15 min, At that point you'd be surprised to see that the 15 min, 30 min and 1 hr and daily all talk the same in my reading. So if what you say is right ... its all good. But if your wrong, then what i have is a safer trade that will keep me alive for trading more trades another day.

Cheers.
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PranavShandilya resurrector007
Could you please upload your chart or redirect me to it if you have already published it? :)
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resurrector007 PRO PranavShandilya
snapshot
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resurrector007 PRO resurrector007
Ignore the blue target lines they were estimates, the first target could be a double bottom, the remaining target are based on how the counts turn out.
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