In line with our primary assumption, META recently reached the resistance line at $600.27. The upward movement paused at this level, and we now expect a short-term wave C decline, pushing the price below the support at $399. However, we also see an increased likelihood (39%) of a higher high for the green wave alt.(1). This alternative scenario will be quickly triggered if the price breaks above the $600.27 mark
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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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.