FB- is dropping closer to our buy target as planned.
We now have what appears to be another C=A (red) wave pattern inside the larger C=A (pink) wave pattern! These 2 targets are "nested" really close to each other around the 244.70-244.89 price.
If FB continues dropping lower into the green buy zone, we will see the price complete the larger (pink) shark pattern.
Also this could close the "Pesky Gap!" left open since Jan 15!
This is setting up a very nice buy point.
We look forward to some bad news on FB that might cause traders to "throw away" their FB stock... That's exactly the time for us to have confidence and buy during weakness!