$FB = Long Term Forecast = 26.08.2021 #faang #investing

$FB is likely in the heart of wave 3 of III. Next target – $460, possibly in May 2022.

The chart above was designed using the candles, EW and TA.

It is highly probable that FB is in the middle of wave 3 of III, the heart of its multi-year rally. While it could experience minor setbacks, the projection points to the $460-520 area, the lower boundary of which can be reached in the period of May 2022 – November 2023. This would depend on the channel, green or red, that the stock will take and that is unknown at this point.


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