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
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.