FB update 09/01

FB: I prefer this ticker to be in minute-v of minor-5 of intermediate-v of major-3. Just counts cleaner this way in the cash market once we remove the price highs and lows from the futures market that were hit on its earnings release late July. Note the weak MACD which hasn’t given a buy signal yet; typical set up for a 5th of a 5th wave. The black rectangle shows the ideal major-3 target zone and if it all goes as planned, I expect the upper end to be reached (~$175). This would fit with the COMPQ as well as I have it also in it’s final waves up to complete major-3.

FB daily