Up from 176.29, wave (W) ended at 190.98 with the internal subdivision as a . Wave A of (W) ended at 186.30, wave B of (W) ended at 181.22, and wave C of (W) ended at 190.98. The stock then ended wave (X) pullback at 177.39 with the internal subdivision as an expanded Flat.
Wave A of (X) ended at 185.11, wave B of (X) ended at 191.38, and wave C of (X) ended at 177.39.
Wave (Y) rally is in progress. Up from 177.39, wave W ended at 187.50 and wave X of (Y) ended at 182.39. Near term, while above 177.39, expect Facebook to resume higher in wave C of (Y). Potential target to the upside is 192.71 – 195.15 area, which is the 100% extension from August 6 low. From this area, the stock should then resume lower or at least pullback in 3 waves.