FB: Losing 20% Over the Next Few Months

FB got close to it's price objective of the 1.618 extension of wave 1 and is in the topping area for this move. Over the next few months we should see a retracement of the 3rd wave move up down to the 37.50-40.75 area where there are the 38.2 and 50% retracement levels of the third wave.

Chart: