Meta Platforms Inc., Elliott Wave Technical Analysis
Meta Platforms Inc., (META:NYSE): 4h Chart 19 January 24
META Stock Market Analysis: We have been monitoring the upside, as we considered to be in a wave 3. At this point we could expect an extension into wave {v} as we seem to be forming a wave (i) and (ii).
META Elliott Wave Count: Wave (iii) of {v}.
META Technical Indicators: Above all averages.
META Trading Strategy: Looking for longs on the break of wave b of (ii).
TradingLounge Analyst: Alessio Barretta
Source: Tradinglounge.com get trial here!
Meta Platforms Inc., META: 1-hour Chart 19 January 24
Meta Platforms Inc., Elliott Wave Technical Analysis
META Stock Market Analysis: Potential flat in wave (ii) to then prepare for a bull run into wave {v} with would also be in line with the major US indices. A break south of 360$ would invalidated this scenario.
META Elliott Wave count: Wave (iii) of {v}.
META Technical Indicators: Above all averages.
META Trading Strategy: Looking for longs on the break of wave b of (ii).
