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

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 Platforms Inc., (META) one-hour 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}.

META Elliott Wave technical analysis – One-hour 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.

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 Platforms Inc. (META) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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