nmike
Long

FB daily........CLASSIC REVERSAL

BATS:FB   FACEBOOK INC
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The EFI is a VOLUME & PRICE based oscillator, it's a good indicator for spotting buying and selling pressure.The look back period will vary depending on how active the security is, the setting is usually set between 3 to 21.Near term target $23.23

Comments

>>>nice FIB action over the last 8 months.Failure to hold current .382 Fib. could see FB fall to the .236 Fib level near term
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something tells me the long and slow selling on FB is over. Historical implied volatility is near record lows and FB price has gone down in price significantly
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....I hope that traders trading FB took some or all profit at the .382 FIB.level.
LONG again if it breaks the .382 FIB.level
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.382 Fib Level 7 months later
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RyanT QuantitativeExhaustion
When you note this, let us know. That was a monster play
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......as a general RULE take some or all of your profits at or close to FIBONACCI LEVELS.>>>also, FIB.levels are much more CRITICAL at higher time frames, the monthly especially.
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tks u
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nmike memie
.....you're welcome
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...if anyone wants to know more about the EFI indicator: http://stockcharts.com
/school/doku.php?id=chart_school:technical_indicators:force_index
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Followed.
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