Fig 1. Facebook Daily chart.

The Sept 2012 low and Nov trough set the angle of the only up trend line support (TL
SUP), so the 3rd test would be a key location for possible support and continuation of the climb. A bullish RSI DIV at the
3rd trend line support test would be very logical. If there was a daily RSI DIV, then a further momentum changes in the
lower time frames, then it would make a price reversal highly probable. RSI DIV in three time frames (Daily, Hourly,
and 5min) is a set up know as fractal divergence.

Fig 2. Daily chart up to an including June 6th, 2013. Here we see a messy test of the 61.8% key Fibonacci support, it
runs from the low to the high for the current impulse wave. The low is also the 3rd test of the trend line support; a key
location for trend continuation and a price reversal. The classic bullish RSI DIV is also +14.4 (11.1% at time N, then
25.5% at N+1, the last bar). The PD value was 2.9; its been noticed that values over 2.0 in the daily chart on structural
points tend to be rare; more than often such a strong change of momentum precedes a price reversal.

Fig 3. Facebook hourly chart on June 6th up to 19:01 (the green candle is 18:00). Here we see the daily trend lines
test, there is a unique +5.5% classic bullish RSI DIV. This signal suggests that the TL might hold, however further
divergence in the 5min chart would increase the probability of a price reversal.

Fig 4. Facebook 5min chart, June 6th up to the 18:25 GMT candle. Here we see a +8.5% divergence across 5 bars;
the Price Deceleration <PD> value is = dRSI% / dT or 1.7. Values greater than 1.0 when price tests a support level
which is outside the range, tends to be strong leading indicators for a price reversal.

Fig 5. FB 5min chart. The TL SUP held.

Fig 6. FB 1HR chart. The stock moved $2.30 onside from the key TL SUP test at the 3rd tag.

Fig 7. Daily. There was only 4 daily RSI DIV signals; all were >5% and signalled price reversals. The 2012 July double
top DIV was -15% (PD 1.5) the naked 2012 low was + 12.0% (dT =22, so PD <1.0), then the 2013 set a double top DIV
on the July 2012 resistance level which printed - 5.3% (PD = 0.5). Finally, the 2013 low in June on the trend line support
was + 14.4% and its PD value was 2.9 ! That was a huge signal.

Fig 8. The previous chart prints $24.49 which was the late entry. The past low was $22.55 which gave the trade a $1.94
risk. As the stock now trades $106.60, this trade yields a 42R outcomes (+$82.11 / risk $1.94)