[Wavescan] Updated Look At 4 Horseman AAPL, AMZN, FB, NFLX on the big correction 12.08.15

AAPL (Apple):  Strangely enough AAPL has held ok for the time being..the recent corrective wave looks like a simple and minor looking ABC zigzag, and sitting at A = C right now before a possible reversal..but I won’t jump in too quick with the overall market getting slammed.

AMZN (Amazon): 655-660 is a good buying range, because the correction in AMZN looks like a simple ABC corrective zigzag like AAPL…662 was original A = C, but 655 is the new full A = C move..again, market needs to reverse and hold major support before I’d consider buying this.

FB (Facebook) [ms-protect-content id=”61,117″]  If 103.5 breaks here it may test 99-100 in a quick downward 3 and break 618 and 786 support levels…that would also be a retrace back to the origin of the downward A Wave.

NFLX (Netflix) – Entered a W2 and has previous 4 support at 120..in fact the drop is forming in an ABC zigzag, and a drop to 120 would be a good buy there…it has good relative strenght [/ms-protect-content]

Leave a Reply