Welcome to Our Latest Elliott Wave Analysis for Meta Platforms Inc. (META)

This report provides an in-depth analysis of META's price movements using Elliott Wave Theory. It aims to equip traders with actionable insights into potential market opportunities based on current trends and wave structures. We will analyze both the daily and 1-hour charts to deliver a thorough understanding of META's market behavior.

META Elliott Wave Analysis - Trading Lounge Daily Chart

Meta Platforms Inc. (META) Daily Chart Analysis

META Elliott Wave Technical Analysis

  • Function: Trend
  • Mode: Impulsive
  • Structure: Motive
  • Position: Intermediate wave (5)
  • Direction: Upside in wave (5)
  • Details: We anticipate further upside movement in wave (5), with the potential to reach the medium-level target of $650.

META Stock Technical Analysis

META is currently progressing within the intermediate wave (5), showing potential to hit the medium-level target of $650. The overall trend remains bullish, and the market is expected to maintain its upward momentum as wave (5) unfolds. Traders should closely watch price action as it approaches the $650 level, which could act as a significant resistance area and a potential target for this impulsive wave.

Meta-Platforms-Inc-1...


META Elliott Wave Analysis - Trading Lounge 1H Chart

Meta Platforms Inc. (META) 1H Chart Analysis

META Elliott Wave Technical Analysis

  • Function: Trend
  • Mode: Impulsive
  • Structure: Motive
  • Position: Minor wave 2
  • Direction: Bottom in wave 2
  • Details: The 1-hour chart shows the subdivision of wave 5 into what appears to be a clear five-wave move. We seem to have topped in wave 1, and as long as the price remains above TL5 at $500, further upside is anticipated.

META Stock Analysis – 1H Chart

The 1-hour chart highlights a completed five-wave structure in wave 1, followed by a corrective wave 2. Provided the price stays above TL5 at $500, further upside potential is expected. This corrective phase may present a buying opportunity for traders looking to capitalize on the next impulsive move, likely wave 3, which would continue the overall uptrend.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: McDonald’s Corp. (MCD) Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Meta-Platforms-Inc-1...

Related

MINERAL RESOURCES LIMITED - MIN Elliott Wave Analysis Reveals Upside Targets After Wave 4 Ends Around $14.05 Low

MINERAL RESOURCES LIMITED - MIN Elliott Wave Analysis Reveals Upside Targets After Wave 4 Ends Around $14.05 Low

Elliott Wave technical analysis for Mineral Resources Limited (ASX: MIN) shows Wave 4 is likely comp...

Read More >
Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 1 November 23

Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 1 November 23

Costco Wholesale Corp.(COST: NASDAQ) Elliott Wave Technical Analysis confirming the overall upside t...

Read More >
CIPLA Stock Analysis: Elliott Wave Forecast Reveals Corrective Wave Opportunities, Share Price Targets, and Key Trading Strategies

CIPLA Stock Analysis: Elliott Wave Forecast Reveals Corrective Wave Opportunities, Share Price Targets, and Key Trading Strategies

CIPLA’s stock trend using Elliott Wave Theory. Explore corrective wave structures, forecasted share...

Read More >
Navigating Uptrend Opportunities: Theta Token/ U.S. dollar(THETAUSD) Elliott Wave Analysis

Navigating Uptrend Opportunities: Theta Token/ U.S. dollar(THETAUSD) Elliott Wave Analysis

Our Elliott Wave analysis of THETAUSD suggests a bullish outlook as of February 20, 2024. Both daily...

Read More >
Currency Pair Australian Dollar and Japanese Yen (AUDJPY) Elliott Wave Technical Analysis and Forex Signals

Currency Pair Australian Dollar and Japanese Yen (AUDJPY) Elliott Wave Technical Analysis and Forex Signals

Our comprehensive AUDJPY Elliott Wave analysis provides valuable insights into market trends, correc...

Read More >
Maximize Gains with Expert NASDAQ Elliott Wave Analysis and Trading Strategies

Maximize Gains with Expert NASDAQ Elliott Wave Analysis and Trading Strategies

Explore our expert Elliott Wave Analysis and trading strategies for NASDAQ 100 (NDX) and leading tec...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on