Facebook has been on a tear ever since its bottom of Cycle Wave 4 @ $88.11. It is clearly extending beyond normal fib levels and should hopefully top inside my box. We could extend all the way out to the 3.0 @ 307 buy its not a high probability at this time. The 2.618 should be enough to stop this move up if we even make it that high. Although, Meta did post earnings 8.86% higher and almost 1Billionmore in revenues, so anything is possible.
From there I suspect we should start our (A) wave of ((2)). That a wave target will be somewhere around $ 165-175 but until we top and start heading lower I can't give a super accurate target zone.
Bonam Fortunam, --Tyler
Note
The Wave 5 would be the conclusion of Primary Wave ((1)) of Cycle Wave V of Super Cycle 1.
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Bonam Fortunam,
--Tyler
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.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
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.