Could Facebook stock drop to $50??? It might be too early to tell, but if price action doesn't make a new swing high above C leg, then this pattern may have high probably of completing. Bearish divergence on the RSI extending from July 13'. A GrandSuper Cycle wave 3 confirming the down trend which peaked at price $72.73. $FB is now showing signs of a bullish...
Fundamentally, the euro is not looking so good. But I always trade what is on my charts . Price has formed a Bat pattern and also a cypher pattern (credit goes to user eXcess0070 for informing me there is also a cypher possibility)... Hidden Bullish divergence on the RSI tells me maybe the Euro is not completely done and have some fight left in him. . PRZ zone is...
Intel is meeting all of the requirements of a Bearish Crab pattern . The prediction of the D leg slams right into previous structure of monthly resistance of the wave II cycle at $34.34. Would make for a perfect PRZ. Also, If we could get some divergence on the RSI, that would make for a better confirmation . Let's see where price action takes...
Bearish deep crab. Target 1 at 14244.45 23% fib level.
There is also strong support around X highlighted in red. If sellers can push through, I'll be looking for 12744.77 as my target 2 at the 38% fib level
This stock is poised to go higher, it is moving well without nasdaq on it's own news of price increase and also more content...think it could run, but NAS move up would help....I keep risk to 20% on options and expect 40% gain or more...timeframe is by August move with Sept options
