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Thursday, January 23, 2014

Facebook - Wave V in place at 59.30?

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Please see my post from January 8 here:

With a test of 59.30 just 0.10 point of my calculated target I think we have seen the top of wave V since the September 2012 low at 17.55. I will now be look for a correction towards the 38.2% corrective target at 43.60, which is just below the low of wave IV of one lessor degree at 44.53. Therefore I expect decline into the 43.60 - 44.53 area over the coming months.

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