FaceBook Is Looking For A Lower Support Level

Hello traders and investors!

Today we will talk about single stock FaceBook in which we see quite clear Elliott Wave pattern.

If you are familiar with Elliott Waves, then you know that after every five waves, a three-wave a-b-c pullback follows.

Well, as you can see FB made nice and clean five waves up from March lows and currently seems like it's trading in an a-b-c correction where wave "c" is still missing, so be aware of that wave "c" drop that can send the price back to ideal previous wave "iv" swing lows, golden 61,8% Fibonacci retracement and 205 support level and later then we can expect another bull-run, but only if we get strong and impulsive bounce down there.

Be humble and trade smart!
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