It sure looks to me like FB is now completing the C wave of an ABC correction that started after the all time high around $195 was reached. This C wave should take FB sub $155 (likely just over $153) if the above projections are correct and FB actually stops at the trend line that crosses there. A halt around $153 could be an indication that a 5th wave up will start there (though the size of this potential 5th wave up is unknown to me at this time).
Trade closed: target reached:
I hope this idea was valuable to you. Our target was reached (FB got as low as $149.02 today actually).
I hope to have some new FB ideas in the near future.
I hope to have some new FB ideas in the near future.