FB - short term bear on symmetrical triangle

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** excuse the weird projection start points. The source boxes cover up the target boxes and there's no easy way to get rid of them or change their location. They are intended to overlap--59.09->54.77->59.09->50.18.

1d chart shows a symmetrical triangle beginning in late March with its apex close to earnings . As this is a continuation pattern in a downtrend from mid-March, expect it to break downward to our support level of 54.77 (10-21-13 through 1-30-14). A break and hold above 62 right now or 60.70 on earnings day will break this pattern and we'll go back up to at least 63.24, possibly higher to form a double top around 72.

What follows is what I'd *like* to see happen: the formation of a head-and-shoulders pattern, which is what it looks like we're trying to do. The neckline would be at 50.18, shoulders at 59.09, head at 72. If we do bounce off the 54.77 range, expect this pattern to play out. Bad earnings or a bear market could mean a dump to the 50-ish level right off the bat, though, invalidating that idea and leaving us looking for a new pattern to emerge.
Extremely bullish market let FB break the pattern and nailed 63.24 almost to the penny. I would have rather seen the pop-and-drop for more gains, but this'll do.

I'll do another analysis later to figure out where we're going from here.
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