Is hoovering just below the important 14,093 resistance level. If this resistance is broken the possibly ending diagonal is history and we should expect more upside to come. However, if resistance at 14,093 protects the upside for a break below 13,329 we should expect a much bigger decline with 10,404 as the first major target. That said, we have to remember, that the uptrend still is in full force and only upon a break below 13,329 do we get the signal, that a top is in place for a much bigger decline.
Is in its wave 4 correction, which is some kind of flat correction. The first target for this correction is at 27.17, with the possibility for continuing towards important support at 26.51, before the fifth and final rise towards at least 32.83 and possibly even 36.30.
In the bigger picture the rally from 17.55 only marks wave 1 in a much bigger rally. Remember my long term count - You can see it here: http://theelliottwavesufer.blogspot.dk/2012/08/facebook-monthely-close-basis-facebook.html
This count calls for a break above the IPO top at 42.72 for a move much higher later on.
Is also in a wave 4 correction, but of a much larger degree. This wave 4 will ideally take us down to 391.00 from where the next rally higher will begin. That said, we have to remember, that fourth waves tend to be very complex in their structure and that would likely mean, that it will not be as straight forward as I just said, but we only have the facts and rules of the Elliott Wave Principle to work with and that will for now call for an ideal bottom at 391.00 and then up in wave 5.
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