Tag: $FB
Unlock with Patreon$FB Local Count, Target
Let’s Examine $FB and Speculate About a Target
A Major Structure on $FB May Be Completing
A Look at the $FB Fractals
I last discussed $FB here. In that post, I upgraded the count to a nest of ones and twos because the depth of the recent selling was more akin to a 2 than the 4 I had previously expected. Now, why would one want to do a nest like that? Well, for one, in a market that just will not die, it seems prudent. And, at least from the COVID crash lows, we only have three swings, like this (green arrows):
Read more “A Look at the $FB Fractals”
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$FB Analysis Update, Count Upgrade
In my prior call on $FB made here, I stated that I believed it was entering a 4th minor wave correction, which should have been somewhat limited in scope. I suggested that afterwards, it should go on to make new highs.
The correction has become larger than expected, but we still do not have a 5-wave move to the upside, so I am going to upgrade the count degrees into a more bullish configuration. So, the new analysis is that this correction is a nested 1-2, and the upper targets posted should still be met, and likely significantly surpassed with time.
Read more “$FB Analysis Update, Count Upgrade”
Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.
$FB Still in Third Wave Advance of Intermediate Degree
I first identified $FB as likely entering a third wave advance in this tweet on February 6th and it has since appreciated almost 40%.
Within that third intermediate (orange) wave, I expect that it is still in its 3rd minor (green 3). Since it has passed many fib extensions, we should look to the next two fibs for where it may stop. We have $406 and $432 (the 3.618 & 4.618 extensions, respectively). When it gets there, it should consolidate in its 4th minor (green) wave before advancing again to the end of the 3rd intermediate (orange) wave. That may take us to the orange target box.
[UPDATE]: I have revised this analysis here. I still expect these targets to be eventually met, but I am cancelling this particular call because of the changes I have made.
Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.