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Long

FB Possible Bounce Zone (Short then Long)

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Here are some possible targets. If this is a typical Elliott wave structure then we are in the 5th wave down now. We are still in the channel and getting ready to hit the bottom. There is strong resistance the converges with the channel and could give a good bounce.

Targets and details are on the chart. Let me know your feedback on my analysis?

*Disclaimer - I am not a financial adviser.

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