FB pennant ending soon

FB is currently forming a pennant and the apex is around the first week in February. Most likely the pennant will break down from its current level, or bounce and break up.

First things first, FB is going down. Historically when the Coppock Curve reaches its current level, the stock drops an average of 7.78% with a minimum move around 0.75%. My conservative take is a slight drop over the next few weeks to at least 115.60. If this is the breakout for the pennant the move could be much lower putting a 7% drop in play.