The 5 pattern Elliott wave has been completed on FB. The ABC pattern is about to begin. The A wave has already begun with an initial target of 63.31. It is being supported by a downward sloping RSI indicator. Be Bearish for the next couple of trading sessions till the target is hit. Take all the downtrends on Intraday charts for shorting. Do NOT look for RSI on the Intraday charts. Observe bearish trend following strategies and bearish price action :)
Happy Trading.
Happy Trading.