Meta PlatformsShort
Potential Facebook Correction
Looks like Facebook, FB, is in a zigzag ABC, recognizable by the 5-3-5 subwave division. Following common fib retracement levels, this is one possible outcome for the remainder of the correction. Wave three targets $139, which is roughly equal to a 1.618 fib extension of wave A.
Initial target: $139.74
Final target: $132.80
Initial target: $139.74
Final target: $132.80
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.