FB-A wave 2 61.8% retracement looks done.

FB-All of us have enjoyed FB for years, ignoring the nagging issues about privacy etc for the convenience. All these privacy concerns came to the open with the Cambridge Analytical mess. And I am proud that FB had dealt with it forcefully and paid a huge bill today with a 20% drop. And for that, I am voting with my wallet and going long with FB. The 20% drop represents a huge 61.8% wave 2 retracement.

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I found three channels. The newest channel for the last wave (I) fits right in with wave (II) at $175. The inner channel fits right in with wave (II) at $165. The outside channel might come in handy when the Mother of All Correction happens.