Near Term Top approaching in FB and time to pocket some gains.
Using purely Elliott wave counts, an observation is that we could be in the final leg up for facebook before a major pull back. This move up could be a truncated move, double top @ 86ish, 88, 92-96 i'd watch carefully beyond this point as it is the last leg if i'm looking at it correctly. Anything could happen with this leg up to complete the diagonal pattern. I'm looking for some constructive feedback. I could also be totally wrong. Markets as always, can give you the most humbling (I've had my share of beating) experience, so trade wise.
1) Long term great stock.
2) Short term correction due (Tgt 1 apcx 72, Tgt 2 apx 53 )
Cheers.
1) Long term great stock.
2) Short term correction due (Tgt 1 apcx 72, Tgt 2 apx 53 )
Cheers.
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