Meta Platforms Inc., Elliott Wave Technical Analysis

eta Platforms Inc., (META): 4h Chart 19 January 24

META Stock Market Analysis: We have been monitoring the upside, as we are considered to be in a wave 3. At this point, we could expect an extension into wave {v} as we seem to be forming a wave (i) and (ii).  

META Elliott Wave Count: Wave (iii) of {v}.

META Technical Indicators: Above all averages.

META Trading Strategy: Looking for longs on the break of wave b of (ii).  

TradingLounge Analyst: Alessio Barretta

Source : Tradinglounge.com

Meta Platforms Inc., META: 1-hour Chart 19 January 24

Meta Platforms Inc., Elliott Wave Technical Analysis META Stock Market Analysis: Potential flat in wave (ii) to then prepare for a bull run into wave {v} which would also be in line with the major US indices. A break south of 360$ would invalidate this scenario.  

META Elliott Wave count:  Wave (iii) of {v}.

META Technical Indicators: Above all averages.

META Trading Strategy: Looking for longs on the break of wave b of (ii).

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