Meta Platforms Inc. Stocks Elliott Wave Technical Analysis – Monday, December 9

META Elliott Wave Analysis Trading LoungeMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5.DIRECTION: Upside in 5 of (5).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 Platforms Inc., (META) 1H ChartMETA Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: 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}. 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*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 Elliott Wave Technical Analysis – 1H 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.More By This Author:Elliott Wave Technical Forecast: WiseTech Global Limited
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