5 Year Long Term Analysis And Scenarios For Facebook (FB)

 

Nov13fb5yr

This is the long term Master Of Charts analysis of Facebook’s 5 Year chart since the IPO:

Best case scenario on the 5 year chart of FB: The first wave or W1 was from 0 to 72, W2 or wave 2 was the corrective wave from 72 to 55, and we’ve entered a 3rd wave. Target would be 1.618 X 72 or the length of W1, which would target as high as 160-170 in a Wave 3 if it travels the standard golden ratio move of 1.618.

Worst case scenario on the 5 year chart of FB: We’re in the 5th wave or W5 up. ¬†Highest target if .618 X W1 + W3 would target and cap out to as high as 120-125, close to where we are now, top out and drop back to the previous 4 in the 60-70 range. That would be 1-2-3-4-5 up into a deep corrective Wave 2 zigzag.

Where I’m leaning: ¬†Since I believe NASDAQ has entered a long term 3 of 3, the highest target of 160-170 I’m giving a 75%-80% chance.

5 Year Long Term Analysis And Scenarios For Facebook (FB) on November 13, 2015 rated 4.5 of 5

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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