Will Wong

FB: New Regulations that could eat into FB's advertising income

205 2
caused FB to dropped 8% on Friday. Coming on the heel of reaching wave 5 top, there could be a deeper correction coming. How confident are we that wave 5 top is in? Currently, FB is higher than the 2.618 extension of wave 1 and higher than 1.618 of wave 3 extension. So it is fair to say that FB has exceeded expectations based on EW and Fibonacci.Typically corrections after wave 5 can reach 0.618. The three targets based on FB and existing supports are shown.
I love you but be positive! Not gonna drop that much but we will see
Will Wong Avasreader
@Avasreader, You better believe it.
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