Market Structure

Facebook- Time to buy?

Published on December 29, 2020

Description

After the IPO in May 2012 @ $45 Facebook made a bottom in Sept.2012 at $ 17.5. Since then it has been in bullish market cycle and appreciated around 1600%. The market pricing structure from then until the recent top indicates that first leg of the entire bullish market structure is completed or about to complete very very soon.

Fundamental Supports

Technical Assessments

So where are we in the structure :

Very near to termination of entire bullish structure.
There could be a possibility of another pop over the Sept'20 highs as this is a common phenomena when the long term structure complete/matures.

How do I know if the Top is in place? Top Confirmations :

Price breaks 247 240to level
Trades below 225

Levels to buy? << work in progress>>

Next Update

Facebook- March 2021

NASDAQ100 – What Next?

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