FB - Elliott Wave Analysis
Updated
Since we still remain well of the highs, FB looks to be setting up a longer term triangle there should be another push up to complete WAVE B of the higher degree triangle. I will look to play the short side upon completion of the B wave. Price targets to follow...
Note
Price target for completion 207-210; however, FB cannot break above the previous highs. downside movement is more imminent that upside in my opinion.Trade active
The stock hit 200 after the close into the earnings. We may move higher than I initially intended; however, to be confirmed. Short term bullish FB to 207-210.
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