FB update 8/4/2015: wave count suggest price is only in micro 4 of minute iii of minor 3 of intermediate iii of major 5

I know the title is a mouth full of different wave degrees, but I wanted to show that FB is not done -by a long shot- to the upside, as such we’ll have to adjust our price targets higher than $100s. Instead $120+ is likely. This also fits with the 80/20 rule, where a trade through 80 means the next higher 20, in this case $120 is on tap. Yes, the price targets don’t fit with the intermediate wave Fib extensions, but those are general guidelines and text-book only: anticipate, monitor, adjust. 🙂

face book update 842015

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