[F.A.N.G.] Quick Elliott Wave Look At FB AMZN NFLX GOOGL 1.07.16 – Mostly 5 Waves Down

FB – FB may have already formed the 5 full waves down and in order to break out it would need to take out at least 102.5 or 786 of the perceived 5th wave..it looks like it’s well on it’s way to that as soon as today.

AMZN – AMZN may have formed 5 full waves down but the breakout level at 786 would need to be taken out first at 640 or 786 of the entire 5th wave down..the reversal off the lows is strong enough and with momentum from NASDAQ it could happen in a day or two.

NFLX – Already broke out of a big zigzag and is well on it’s way to breaking upside 786 on a full breakout…one break of 123 would setup a clear uptrend in the stock and could be well on it’s way to breaking all time highs if the overall market bottoms today.

GOOGL – GOOGL appears to have 5 waves down complete as well and a 786 breakout of the 5 wave would break at 760, and it appears well on it’s way to do that as soon as today on the back of NASDAQ momentum.

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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