Facebook FB opportunity, possible bounce risk reward ratio 3.5

Facebook has had a couple of bad days since the data scandal, but I think that is a good opportunity to take a position around $155 with a stop loss just below $148 where it found support, the bounce could take us to the .786 $177.90 fib level of the last impulse and maybe star a new Elliot wave count since it has finished an ABC correction pattern.

Remember this is not a recommendation to buy or sell, is information for educational porpuses only.

Happy trading ;)

Trade active:

Trade active, as we see it bounced perfectly where I told you it will, if you followed the original idea you can close one third of your position since we achieved the .618 fib level and wait for the original target of 177.90 with the remaining position. Please like and follow so I can continue updating and posting new ideas.

Trade closed: target reached:

Target reached. Follow and like please.