Courtesy of Frank who shorted it. Look for shorting opportunities near the upper fibo 0.382 line. It is too late to short now but you can see how the flow of prices are captured and structured by the PF defined since Mar to Oct 2012.
It has touched and kissed goodbye so now it is time to short it
Spotted price failure to reach the median line of the downsloping pitchfork registering a higher low as compared to the low in Sep 2012. This gives an indication that price is in a possible uptrend and we are seeing a beginning of a uptrend. If you look at the blue and yellow channel combined, this defines the overall major trend. Expect very fast moving...
Price did not retrace to trigger the BUY LIMIT order but triggered the BUY STOP. Overall trend is bullish with initial price target at the red median line as depicted in the blue balloon.
Price has effectively moved from the yellow channel into the green channel which abruptly halted its advance into the blue channel. An overlay using the Action and Reaction method, gives one a preview ahead of time with regards to the potential timeframe and area for possible violent reaction to the price. As it heads sideways towards the confluence point as...
Overall major trend is down since 2010 with current uptrend near a very strong downward trendline marked in RED. Price will oscillate within the blue channel and if this holds true, we will experience short-term trend is bullish up till the red trendline. If price breaks this line, and is carried within the blue channel, it will move to the black 150% fibo...
Overall major trend is down since 2010 with current uptrend near a very strong downward trendline marked in RED. Price will oscillate within the blue channel and if this holds true, short-term trend is bullish up till the red trendline. If the breaks this line, and price is contained within the blue channel, it will move to the WL-1. The angle of price...
Price retraced up towards L-MLH for a final "Kiss Goodbye"before thrusting towards the WL-1. Wait till breaks below low of previous candle to short.
See previous analysis and projection : Target was reached and nothing to trade for now on this counter.
Next week, we are expecting price to break wl-3 and a dash towards wl-4 mimicking movement comparative and similar to this week. Facebook is firmly in a uptrend and the infancy of it as well. For those who have longed early in the week, it is good time to move your stops to break-even. For those who missed the boat, next week will present a good opportunity...
Price has triggered the SELL STOP and will head towards 17.46 vicinity. It may go beyond this target as it conforms within the yellow channel. Overall price is bearish.
Price trudging upwards after a long reversal process. It has broke the MPL(Multi-pivot line), for the pattern traders, this is the neckline of a reversed head and shoulders. We have defined the structure for how the price will behave projecting into the future the potential resistance at wl-1 with ultimate target at ML. Price may be shy away from the ML as...
Price hits the sliding parallel which is the same as the ceiling of the green channel. Overall trend is up as defined by the green channel. We can expect to see price retracement next week if price breaks below low of the previous candle.
The overall market flow of the major trend is up. Within the minor pitchfork, we see that price has tried to reach the mini median line but it retraced on tested the previous high of 18.01.2013. From then, it tested on the upsloping major median line (ML). We expect price will dance along the upsloping ML with target indicated by the purple trendline a.k.a....
Seems like 0.382 of PF describes inner frequency of price which failed to cross SP1. No trade triggered. Yesterday candle engulf previous day in a big thrust downwards. In line with the overall big trend that is down, price will go down to wards the next red WL. Always study local market action for safer entries.
Price continues to complete its first swing into wl-4 and oscillate in the blue channel until it is broken. We will stay in the blue territory for quite a while.
Price trigger my buy stop as it continues to climb. First target is ML with long term target at 14.90