META Elliott Wave Analysis Trading Lounge

Meta Platforms Inc., (META) Daily Chart

META Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minor wave 5.

DIRECTION: Upside in 5 of (5).

DETAILS: Looking for upside into at least MediumLevel 650$. As wave 3 was as long as wave 1 we could also expect an extended wave 5 of (5) taking us towards the next TradingLevel at 800$.

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Meta Platforms Inc., (META) 1H Chart

META Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {iii} of 5.

DIRECTION: Upside into wave 5.

DETAILS: Looking for upside into wave 5 as we seem to have completed a five wave move within Minute wave {iii}.

(Click on image to enlarge)

This Elliott Wave analysis for Meta Platforms Inc., (META) examines both the daily and 1-hour charts to assess its current market trend, utilizing Elliott Wave Theory to anticipate potential future movements.

* META Elliott Wave Technical Analysis – Daily Chart*

Meta is advancing in Minor wave 5 of Primary wave (5), with an upside target toward at least MediumLevel 650$. Since wave 3 was approximately the same length as wave 1, there is the potential for an extended wave 5, which could push the stock towards TradingLevel 800$. This scenario suggests continued strength and bullish momentum for META, with the possibility of reaching new highs if wave 5 extends significantly.

* META Elliott Wave Technical Analysis – 1H Chart*

On the 1-hour chart, META appears to have completed the five-wave move within Minute wave {iii} of wave 5. The next expected move is a brief consolidation or pullback in wave {iv}, followed by an upside continuation into wave {v}, which will complete the overall structure of wave 5.

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