Clear EW count in Facebook

Painfully clear Elliott Wave count in FB indicating some very brutal price action happening to the stock in the nearest 2-3 years.

Another contrarian bet. Fundamentally the company is ok and even undervalued. However, the news suggests that FB is likely to have a fight with the bankers which may transform into a bigger battle to reign in the Big Tech www.reuters.com/arti...encies-idUSKCN1U90NL

Trading strategy:
buying Sept 20, 2019 @200 puts worth 1.7% of the account and sitting on them until price action indicates a local bottom then selling options and seeking to reenter shorts at highs. Keep repeating until price reaches C (circled).