Meta Platforms Inc. (META) Elliott Wave Analysis Trading Lounge Daily Chart
META Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Minor Wave 5
Direction: Upside in 5 of (5)
Details:
Meta is targeting an upside toward at least the Medium Level of $650. Given that Wave 3 was approximately equal to Wave 1, there is a possibility of an extended Wave 5 of (5), which could propel the stock toward the next Trading Level of $800.
META Elliott Wave Technical Analysis – Daily Chart
Meta is progressing in Minor Wave 5 of Primary Wave (5), with a bullish trajectory aiming at Medium Level $650. If Wave 5 extends significantly, driven by strong momentum, the price could reach as high as Trading Level $800. This projection underscores a continuation of bullish strength, setting the stage for potential new highs.
Meta Platforms Inc. (META) Elliott Wave Analysis Trading Lounge 1H Chart
META Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 5
Direction: Upside into Wave 5
Details:
The 1-hour chart analysis indicates that META has likely completed the five-wave structure within Minute Wave {iii}. The next phase may involve a brief consolidation or pullback in Wave {iv}, followed by a final push higher in Wave {v} to complete the broader Wave 5 structure.
META Elliott Wave Technical Analysis – 1H Chart
On the 1-hour chart, META exhibits the completion of Minute Wave {iii} within Wave 5. A short-term consolidation in Wave {iv} is anticipated before a continuation of the upward trend into Wave {v}. This move will finalize the larger structure of Wave 5, maintaining the overall bullish outlook for the stock.
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
VALUE Offer - Buy 1 Month & Get 3 Months!Click here
Access 7 Analysts Over 200 Markets Covered. Chat Room With Support
