Replies to post #6108 on 123Tom's TA study group

[123tom]

Time for a big FB rally ?

This is the Fibonacci track pattern .
IF the first rally bounce from the 166 bottom to a peak at 188 ,followed by the latest retrace , is setting up the next big rally (Wave 3) ought to target at least 200-205 area, and finish by retesting the 218 peak.

Conversely, a bearish price action, would see Failure and rolling over into the next downwave, probably around the resistance shoulder zone at 185-200 area. It could happen anywhere between 180-200. key shoulder steps from the past are at 185 and 195.

The chart has a set up for a good bounce.

But the financial and political news, and hidden news yet to be revealed, according to some, will spook investors,(like its already done twice this year) those who are paying attention to whats not being reported in the MSM, but is being revealed on the internet. There is a story behind the story. Corruption tends to stick like glue. In this case it might be more like napalm.
And other stocks suffer the same foreboding anxiety, Tesla, Amazon, Twitter, etc.... folks ought to pay attention to the internet research news. They wont get the truth from the MSM.