Meta initially sold off toward the support at $580.29 as planned but recently experienced a counter-reaction as it neared this level. Primarily, we anticipate that the stock will soon turn downward to continue the ongoing bearish impulse. The magenta wave (3) is expected to set its low below the $580.29 level. After a moderate recovery in wave (4), we expect further declines. However, should stronger upward momentum push the stock above the resistance at $690.55, we may have to prepare for a new corrective high of green wave alt.[B] near the $906.60 mark (probability: 37%). Primarily, however, we consider the regular wave [B] as already complete.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.