SUMMARY
Back on April 22nd, the below bullish chart of FB was posted. It showed how price was likely to rise towards the upper blue trendline.
Back on July 8th, the below chart was posted on Facebook. Price had touched the upper blue trendline and the new projection was a dowturn as shown by the blue arrow.
Once five waves are complete, there is no way of avoiding the requisite correction. The ABC shows that the $110 could be the affinity point for the C wave.
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It looks like a Faceplant more than anything else... We'll keep an eye on this one as it should send shuttering turbulences all over the net!
As always, thanks a lot for the information, namaste :)
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If it hits $110 il be delighted! (Unlikely) Il be buying as much as I can 😄, like buffet says when hamburgers are cheap BUY!!
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A good question would be how FB will do in the coming web 3.0.
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Yeah I heard facebook lost like 15% after the bad conference call
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Facebook going into faceplant after the other.
And stake holders going into some major facepalm
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