[F.A.N.G.] An Elliott Wave Look At FB AMZN NFLX GOOGL

FB – Big laggard today…NASDAQ going straight up, FB straight down..needs to hold 103.6 or it may retest 98-100 in the coming week..that setup is 1-2-3 down if this is the case..

AMZN – AMZN 618 support is at 655 and it’s been slowly declining for a few days in a row without a reversal…A W2 would hold 655 and rally over 672 to setup an upward 3.

NFLX – NFLX touched the A wave low and is trying to come back in a 4..it does have 382 W4 distance as we speak, but needs to hold 115 and rally over 123 min to get out of this mess.

GOOGL – A break of 775 in GOOGL after an ABC flat would setup an upward 3 to as high as 810-820..has a potential 1-2-3 pattern setting up.

 

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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