FB into Earnings
The company that sells your personal information is about to announce their earnings by end of this month. The above should clear up any confusion there may be. ER is scheduled to be on Oct 30th AMC (to be confirmed), which would leave the 31st open for trade. Therefor I have adapted the above analysis for an additional trading day within the current 'monthly' candle as shown above. Notice the little gap between the Aug and Sep candles? That's your sell-off confirmation for the current candle. Expect a pre-earnings run-up to 185-190 (bull trap), and post-earnings low of 156 (ultimately closing around 163). If you're trading this into ER remind me to update it a few days prior.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.