FACEBOOK trading a wave 3
facebook appears to have completed blue wave 1 and looks close to finishing blue wave 2.
wave 2 takes the form of a zig zag. and we are expecting a 5 wave move to complete blue wave 3.
there is another count where blue wave 1 is actually an A wave and blue wave 2 is actually a B wave which we would expect a 5 wave C. that is why i have set the first target at 25
either count the stop loss is just below the start of blue wave 1
wave 2 takes the form of a zig zag. and we are expecting a 5 wave move to complete blue wave 3.
there is another count where blue wave 1 is actually an A wave and blue wave 2 is actually a B wave which we would expect a 5 wave C. that is why i have set the first target at 25
either count the stop loss is just below the start of blue wave 1
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