Ape

FB Has Options.

BATS:FB   Facebook, Inc
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2
BLUE COUNT
My overall view of FB , I am short term bullish , long term bearish . There is a clear 5 wave move down from 33.5, and I believe the recent rally from its' all time low can be counted best as a 5-wave a wave. This recent pullback can be called the B-wave due to its nice fibonacci relationship of a .618 retrace of the a-wave . If it were to rally from here in a C-wave then I would initially target 26-28.75. When the waves start to play out, we can have a more accurate target range.

ORANGE COUNT
However, this recent pullback can be counted as an a-wave to the b-wave. If so we can see a 3 wave rise in a b wave to around 22 manner followed by a strong reversal in a c-wave to down near $19.

GREEN COUNT
In the most bullish circumstance, this could possibly be a 1-2 (blue count) set up for a 5 wave a wave that can target as high as $33. This is NOT the primary count for myself, but its something to keep in mind

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Agreed.
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Agreed.
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Followed.
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