Friday, November 16, 2012

FB Update

While this is only the 1 min timeframe, it is the only timeframe that has been in line with FB and just called a perfect intraday reversal.

 It went negative at exactly 11 a.m. and worsened from there.  This usually indicates an intraday consolidation or pullback, but that would be more the case if the longer timeframes were confirming which they aren't.

2 min chart didn't make much progress and is leading negative.

If you are long FB and want updates on the charts in between the normal updates, just email me and I'll get to it ASAP.



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