EliteTrader101
Long

Facebook High Frequency Activity

NASDAQ:FB   FACEBOOK INC
Initially I was bearish on what looked like a H&S pattern, but it took too long to go back up so now I think the big boys are re loading longs with their HFT algorithms. It looks like they have market orders in place to buy everything when price breaks below, then they stop buying when their buying forces prices up. They let prices drift back down so they can buy at lower prices again right off the top edge of the green shaded zone.

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