This is NOT a buy signal. We are not there yet. FB may have more down time to go, and in my opinion, it still has a ways.
HOWEVER, from these buys levels, FB looks like an impressive opportunity for some growth.
THIS WILL BE UPDATED: As the trade opens up, the idea will be updated as we evaluate an entry point and then ride up to a take profit.
Also this is premature, be wary of the idea that the first buy level was touched within the margin of error, therefor you could argue that it actually has already fallen... not my style but that's an approach