Facebook: Another completed count

A picture this clear leaves nothing much to be said. A Red 5 up is complete, and so a significant pullback is due. What is not known is where in the larger picture these red 5 waves lie.
..... and so on the longer timeframes we have the below questions. Is this a 
1. Red 5 of I
2. Red 5 of III (will be eliminated if price crosses 44)
3. Red 5 of V

The outlook in the medium term however stays the same. The move from 17.55- 86.07 will be retraced and a pullback is due. My guess is that the pullback will take us to either 70 or 51.
Either way now seems like a good place to ditch the stock or short it.

The count will be invalidated if price breaks the highs at 86.07

Facebook: New Bull or Bear Market Rally?

I was just asked yesterday if Facebook was a buy.

Since the September 4th low 17.55 in Facebook, from the daily chart i have been on the watch out for a IV wave up.

From the hourly chart i thought the IV wave was complete on October 24th post the earnings result gap. What followed till the 12th November looked like a 1,2,3, wave. The formation of the 4th wave abruptly ended when it entered 1st wave territory on the 14th. The move hence looks like a abc wave corrective move X, or by an unnatural looking 5 count maybe a V.
Since November 14 what we have is either
i) Bearish: a completed ABC (5-2-5) which completes the ABCXABC which should be followed by some immediate downside, starting with a rapid break of 24 and 22.40
ii) Bullish: 123 of a Ist wave higher, with the 4th wave and 5th wave pending.

The doubt in the bear count stems from the fact that the IV wave as of the 26th November has cut into Ist Wave territory with a move above 25.52 which renders the current long term count on the daily invalid and concludes that a new bull market started on the 4th September and the current move is a 123 of a I of a much larger 3rd wave higher.

So all depends on if the current move morphs into 5 waves or starts reversing heavily after 3 waves.