Facebook ($FB)

$FB Caught some Jan call buying with the ETF Sweeper flow that came into red today. Everything small tho ..
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Range between the two bottom yellow lines and the two rose / pink colored lines

Price opened almost in the middle of above range - and remained there


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side note

One may think it time to redraw the green bottom channel line - even the entire green channel

Not yet - price has not reflected such a redraw appropriate

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Let's see what tomorrow brings

RN





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Nothing on the face of the earth can / will forecast / predict human behavior (impending order flow)

Context.., albeit lines..., indicators...., over bougth / sold.., arrows..., whatever

Is to be used as a gauge in which to measure current PA - from which signals materialize - that we in turn trade

Predicting is impossible.., more importantly it an unnecessary waste of effort..., and creator of great frustration


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That is not to say that PA cannot be correctly read / accurately deciphered / then appropriately contextualized - and finally (and to the point)..., exploited the shit out of ;)

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Context I've posted -> has been working..., is working - and time to update COB today

So much for TA/PA does not work BS - it works 100% of the time

Always has..., always will

Go figure

RN
 
Below is the updated context


I left the two means lines in (dashed Lines - just so you could see) - I typically leave them out as I see them in my minds eye

if this doesn't make sense please say so

RN




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