Facebook Wave Analysis – 4 February, 2022

• Facebook broke key support level 245.80

• Likely to fall to support level 220.00

Facebook recently fell sharply breaking through the key support level 245.80 (previous monthly low from September and January).

The breakout of the support level 245.80 accelerated the active medium-term downward impulse wave (3).

Facebook can be expected to fall further toward the next support level 220.00 (target for the completion of the active impulse wave (3).).