The 5 pattern has been completed on FB . The ABC pattern is about to begin. The A wave has already begun with an initial target of 63.31. It is being supported by a downward sloping indicator. Be for the next couple of trading sessions till the target is hit. Take all the downtrends on Intraday charts for shorting. Do NOT look for on the Intraday charts. Observe following strategies and price action :)
There is always contradiction among wave counters. Assuming that your are right, the third wave would end at the place where I have marked the end of fifth wave. That means that we are in the fourth major wave right now, which is still bearish. So all in all, the downtrend continues. Lets hope it meets the target.