Meta Platforms Rejected At $740 After Gap Fill – Running Triangle Nearing Completion?

As anticipated, Meta Platforms (META) has rotated lower from the upper boundary of its multi-month range after successfully filling the October 2025 earnings gap near $740. From that level, price action has shifted back to the downside, suggesting the structure may now be developing the final leg of a potential running triangle formation that has been unfolding since February 2025.

This broad consolidation has been in place for nearly a year, and while it may be approaching its later stages, the pattern still appears incomplete. Technically, three additional subwaves would be needed to fully finalize the structure. If the running triangle scenario continues to play out, wave E could gradually drift toward the $600–612 support area, where buyers may attempt to re-establish control and initiate a rebound.

The $600–612 zone represents the first key technical support and will likely act as an important decision point for the market.

However, if price breaks decisively below $580, the correction would likely evolve into a more prolonged and complex structure. Even in that scenario, the broader outlook would still favor the view of this move as a counter-trend correction, given the overlapping and corrective nature of the decline from the highs.

Should weakness extend further, stronger secondary support sits near $550, which may provide a deeper retracement level before the larger trend attempts to resume.

Key Highlights

• Rejection after filling October 2025 earnings gap near $740

• Running triangle structure from February 2025 remains in play

• $600–612 marks the first key support zone

• A break below $580 would open the door for a deeper correction

• $550 stands as stronger secondary support