Let’s Examine $FB and Speculate About a Target

My last post on $FB was here. In that post, I suggested that a correction of cycle (yellow) degree may be completing. A further revisiting of the range identified in that last post has produced a strong rally, and the structure counts well as complete.

So long as it stays above the orange box beneath us, we may assume that it has entered its third wave of cycle degree. That wave targets the orange box above, roughly $700. The move from here to there should proceed in a 5-wave advance, and we would expect it to take several years.

I will update this from time to time with shorter term structural developments as the emerge.


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