FB is in the critical decision wave of the red price channel within the navy rising megaphone. This is the point where FB either breaks out into a melt-up channel or starts a channel top.
Sornette recently called a bubble on the FANG stocks. 60% of the time after a Sornette bubble call you’d see a crash of at least 20% within two weeks of the call.
That means FB could complete a fast top here (green scenario) before a crash to the bottom of the navy blue rising megaphone.
The 40% of the time Sornette bubble calls don’t play out as a fast crash, they either make a fast consolidation and break out into another melt-up (purple scenario), or they head into a longer-term consolidation. The longer-term consolidation is typically a megaphone that keeps megaphoning long enough to produce a significant retrace of the bubble move (blue scenario).