EliteTrader101
Short

FB Sell Off!!!

NASDAQ:FB   FACEBOOK INC
There's a clear H&S forming on the 30min and I'll be building up shorts in the sell zone as I see signs of rejection and volume spikes on the 5 min. Retail shorts are now stopped out and some have even gone long on the breakout. Big boys are now fully loaded with shorts and are ready to take it down into liquidity next week!

Comments

whats the move now man
Reply
I went long a few days ago, things change and you have to adapt to what the market is telling you. Probably will test 66.50 tomorrow where you can enter long.
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I actually doubled down on my FB long position yesterday. I think we're just basing after a normal retrace and will see new highs in the coming weeks/months.
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