Yes could be - it looks a bit just like a correction we will see.
To be long i need something like this white lines in the pic. and a day close above
IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must...
Stop Loss was activated - End of Trade - Profits were okay - maybe there will be a reentry if I get a new signal, according to my criteria.
Entry: 105.06
Target 1 (filled) @ 103
SL filled @ 104.37
Facebook Stop Loss adjusted
Short update
SL adjusted to 104.37 - now we are fully safe
IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses...
Facebook Target 1filled
Just as expected - target 1 was filled few minutes ago - setup is still valid
heading for target 2 - additional stock update will be provided when required.
IMPORTANT NOTE:
Exchange transactions are associated with significant risks. Those who trade on the financial...
Update 02Dec2015
Meanwhile we have a new uptrend in 1 hour chart.
How to intepret this?
The down trend which was established between 16Nov2015 and 20Nov2015 was just a small correction - this will be true if we have a dayclose above 108,27 - in this case this trade will became a looser.
ADD...
Facebook Update 30Nov15
Picture has changed as you can see
Our uptrend was broken at 100.70 on 16Nov2015 and we have a new established down trend since this day.
Between 16Nov2015 and 20Nov2015 we were in a short correction phase(RED BOX), and now it seems that we are going down again...
Since yesterday few things have changed at Facebook (according to dow theory). In 1 Day Chart we still see almost the same picture - a broken uptrend. In 1H Chart we see a clear established down trend which is to promising. This is my setup:
Entry at : 105.06
SL at: 107.78
TP 1: 104.03
TP2...
Analysis Facebook 23.11.2015 = End of Day Picture.
Basis of the Analysis: Dow Theory
For the moment Facebook has broken its uptrend at 101.05.
But this could be just a small correction.
Scenario 1: If we close above 110.83 the uptrend is valid again. In this case I would prefer to go long with...