This is purely a speculation based on chart similarities between the current and previous market cycles.
We will have to see how the market catalysts settle (Trade War, One Belt One Road, Made In China 2025, etc) and how they move the ticks.
Not much of a trading idea at this moment, but there's never been a lack of drama when it comes to the FB stock.
The recent rally can pretty much be an over stretch fueled by Libra, and there's just too much to be considered Achilles' heel for Facebook- privacy concerns, legal status of the Libra currency, growth outlook, etc.
Will likely speculate a correction...
Here comes a wave pattern that's extremely similar to the one we've just had (on the left). Planning to short around 2.618 fib extension and buy back at 0.618 retracement of the preceding actionary wave. Otherwise would wait for a confirmation of retracement.
Multiple 1D moving averages crossing each other indicating strong momentum for a drastic price change. Given we've already touched the fib 0.618 bottom from the great peak in 2018, hopefully this time we can pass fib 1.0 and go for 1.68.