10/20/16 Elliott Wave Updates for F.A.N.G – $FB $AMZN $NFLX $GOOGL

FB – FB is near the full 1.618 target of 131..if it hits 131 we may see a slight W4 pullback before a W5 up.

AMZN – AMZN appears to be in the 5th wave down after a large impulse 1-2-3-4-5 down from 847..it looks ready to reverse on the 5th wave..

NFLX – [ms-protect-content id=”61,117,1559″] NFLX is really close to the full long term 786 breakout of 123 after the huge earnings setting up a long term upward W5 or W3.

GOOGL – GOOGL in the past 2-3 days has been forming an ABC flat W4 before W5..it may see 842 before retracing in a W4 if it travels the standard 1.618 and corrects