SUMMARY
How Facebook (FB) was hated just a few days ago! I had posted the below chart asking if BUYING or SELLING actions were warranted. Obviously, it was BUYING because the channel pattern was screaming a buy. The three bullwick events transpired!
Here is the updated chart. Look how the 12 week MACD moving average line (white) is curling upwards! An MACD buy signal is expected to be triggered and if so; orgasmic lunges upward in price will be witnessed!
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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