Facebook - Peak expected at 187.17
Facebook has seen an amazing rally since the September 2012 low at 17.55. This wave  rally should be close to completion - Ideally near 187.17 for a correction in wave . As wave  was a simple and deep zig-zag correction, we should expect a complex and shallow correction in wave . The ideal target for this wave  correction is seen in the 114.77 - 115.93 area.
The corrective structure of wave  should be either a flat or a triangle consolidation. If the corrective structure proves to be a triangle, then the low will be seen early (likely in the A-wave down).
Short-term a break below minor support at 168.89 will be a good indication that Facebook has peaked in wave  and wave  is developing. So tighten up your stops and don't fall in love with Facebook at these levels.
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