Update - Target Hit ... Expecting Unwinding | #Facebook $NASDAQ

267 2 3

Last January 30th, we defined a bullish primary target, TG-1 = 66.54, which just got hit at the close of last week's market. At this point, we are expecting some unwinding, considering the significance of the impulse leg that led to target completion.

A probable target was already defined back on that same date (January 30th, 2014), as TG-Int. = 49.95 - 30 JAN 2014, representing a probable intermediate level of support. Less probable targets remain available down below, based on incomplete proprietary geometric             patterns (Janus Pattern), which we are keeping in sight, but not considering viable at this point, considering the recent strength of the bullish impulse.

A bearish market reversal confirmation would make these bearish targets a topic of discussion, but the technicals are not even there.

Changing directional bias at this point from Bullish to Neutral, on the back of a significant rallying and target completion, and expectation of a relief unwinding towards a probable 49.95 support vicinity.


David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA


PS: Other recent analysis and charting:

SPDR: XLK             , XLF             , XLV:

XLK             - Technology Select Sector/SPDR:

Its Top 3 Leaders:
- AAPL: https://www.tradingview.com/e/OqhN6oTc/
- GOOG: https://www.tradingview.com/e/J5A3VRWX/
- MSFT: https://www.tradingview.com/e/SLHE0cgv/
(Source: http://finance.yahoo.com/q/hl?s=XLK+Holdings)

XLF             - Financial Select Sector/SPDR:
Its Top 3 Leaders:
- WFC            
- JPM            
- BRK.B             ( Berkshire Hathaway Inc             Class B)
(Source: http://finance.yahoo.com/q/hl?s=XLF+Holdings)

XLV             - Health Select Sector/SPDR:
Its Top 3 Leader:
- JNJ: https://www.tradingview.com/e/CqsS1tCE/
- PFE: https://www.tradingview.com/e/TV6ZoLEo/
- MRK: https://www.tradingview.com/e/SCxm0WmO/
(Source: http://finance.yahoo.com/q/hl?s=XLV+Holdings)


SPX             - https://www.tradingview.com/e/GK5wJ5WN/
AAPL             - https://www.tradingview.com/e/OqhN6oTc/
AMD             - https://www.tradingview.com/e/ySdvtzok/
EBAY             - https://www.tradingview.com/e/XWUVhvT0/
FB             - https://www.tradingview.com/e/tfPPZa0e/
GOOG             - https://www.tradingview.com/e/J5A3VRWX/
MSFT             - https://www.tradingview.com/e/SLHE0cgv/
TWTR             - https://www.tradingview.com/e/Rnr5FZ93/


- Follow us on Twitter: @4xForecaster
- See our live charts on TradingView.com: 4xForecaster
- Our social history is on Facebook: http://www.4xQuad.com

Recent forecast hits:

1 - #USDollar: http://on.fb.me/19Pf77y
2 - #AUDUSD: http://on.fb.me/1kDHbdB
3 - #NGAS: http://on.fb.me/1aSMYHV
More archived here: http://bit.ly/16JMnH8


Disclaimer: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. We trust that you would do your own due diligence first, then seek professional advice from a licensed professional and enter the market at your own perils - David Alcindor - a.k.a.: 4xForecaster | 4xQuad, LLC.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
What, pray tell, is a JANUS pattern? A vile 2 headed January Roman infidel?
Janus was a mythological figure with two faces of the same head. The pattern we use has these features, but not so evident. This is a prop pattern we named for our record, but can't reveal. It aligns with other common harmonic patterns as well - David
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out