META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., () Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 5 of (5).DETAILS: Looking for upside into at least MediumLevel 650$. As wave 3 was as long as wave 1 we could also expect an extended wave 5 of (5) taking us towards the next TradingLevel at 800$.(Click on image to enlarge)Meta Platforms Inc., (META) 1H ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: 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.More By This Author:
Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, December 9
