September 15, 2016
[F.A.N.G.] Quick Elliott Wave Look At FB AMZN NFLX GOOGL 12.29.15
FB – FB clearly broke 786 and onto 1.00, which is fractions away..a simple break of 107.6, which is fractions away would setup a 1-2-3 to as high as 114-115 in the coming days or weeks..looks like a no brainer 1-2-3 pattern.
AMZN – AMZN just broke out of a huge Cup and handle W2 into a W3..highest target on this particular breakout would be 745-750 if it travels 1.618 X W1 in a full upward 3..the cup and handle is an extremely powerful formation so it looks strong enough to push to that 750 level.