META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Intermediate wave (5)DIRECTION: Upside in 5 of (5).DETAILS: We have been looking at a post triangle thrust within wave 5. It’s possible we are actually completing wave 1 of (5) instead of 5 of (5). Nevertheless, we are still missing one more leg higher, ideally to reach 650$.
Meta Platforms Inc., (META) 1H ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iv} of 5.DIRECTION: Upside in wave {v}.DETAILS: Looking for upside into wave {v}. We seem to be missing one leg higher in what could either be a top in wave {v} of 5, or else a top in wave (v) of {i}, which would be the preferred scenario, considering the target at MediumLevel 650$.
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*The?daily chart?for Meta Platforms suggests we are in the final stages of?wave (5)?of an impulsive move. While the initial analysis points to the completion of?wave 5?of (5), it’s possible we are instead completing?wave 1?of (5). Regardless, one more leg higher is expected, ideally pushing the price towards the?650$ target. This scenario aligns with a?post-triangle thrust, indicating bullish momentum is likely to continue in the short term.* META Elliott Wave Technical Analysis – 1H Chart*The?1-hour chart?indicates that Meta is in the process of completing?wave {iv}?and is preparing for an upward move in?wave {v}. The missing leg higher in?wave {v}?suggests we are nearing the completion of either?wave 5?of (5) or?wave (v) of {i}, with the latter being the preferred scenario. This would indicate further bullish continuation, particularly towards the?MediumLevel of 650$, which serves as a potential resistance level.Technical Analyst: Alessio BarrettaMore By This Author:Unlocking ASX Trading Success: Transurban Group – Monday, Nov. 11
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