META Elliott Wave Analysis Trading Lounge Daily Chart,Meta Platforms Inc., () Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate wave (5).DIRECTION: Upside within wave (5)DETAILS: We are taking off fro TradingLevel5 at 500$ and we are now looking for upside within MediumLevel at 650$ as the next target.(Click on image to enlarge)
META Elliott Wave Analysis Trading Lounge 1H Chart,Meta Platforms Inc.,(META) 1H ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3 of (5)DIRECTION: Upside within wave 3.DETAILS: Looking for a subdivision within wave 3 as we seem to be continuing higher in wave {v} of 3.This Elliott Wave analysis for Meta Platforms Inc. (META) examines both the daily and 1-hour charts, offering insights into the stock’s current price structure and potential future moves.(Click on image to enlarge)
* META Elliott Wave Technical Analysis – Daily Chart*On the daily chart, Meta Platforms is in an impulsive structure, advancing within Intermediate Wave (5). After bouncing off TradingLevel5 at $500,the stock is now trending higher with $650 as the next major upside target, which aligns with a Medium Level resistance.This upward trajectory within Wave (5) suggests that the bullish trend is firmly intact, and the stock is likely to experience further gains as it approaches the $650 target. Traders should look for key resistance levels near $650 to assess the potential for a corrective wave following this strong upward move.* META Elliott Wave Technical Analysis – 1H Chart*On the 1-hour chart, Meta Platforms is advancing within Minor Wave 3 of (5). The current structure shows ongoing upside momentum, with further subdivision occurring within Wave {v} of 3. This suggests that the stock is in the later stages of Wave 3, but there is still room for additional upside as Wave {v} unfolds.As the price progresses, traders should watch for signs of exhaustion in Wave 3, which could indicate a pullback or correction before the next wave sequence begins.Technical Analyst : Alessio BarrettaMore By This Author:
Meta Platforms Inc. – Elliott Wave Technical Analysis
