FB Blocking Russia dropped down FB stock down because of customer loss since the ban of It fully finished main Elliot wave (1-5) and reached complete Elliot wave fib zone of 50% and strong monthly support, it bounced off of it on a daily chart and now we are looking for a retracement to at least 50% fib zone of a downwards movement which is at 260 zone, our stop loss should be just below monthly support because if it breaks it, FB will break out of the monthly uptrend stop loss zone 171, entry price: 203. Also regarding fundamental analysis after banning Russia, people that are supporting Ukraine will support FB decision and it should increase the possibility of price rising.
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