Elliott Wave view: Meta zigzag pullback nears key $522-545 support range [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

The short‑term rally in Meta from the March 27, 2026 low shows impulsive momentum, favoring continued upside while price holds above this pivot. Within Elliott Wave analysis, this advance ended as wave ((1)). The stock is now retracing in wave ((2)), correcting the prior rally. The internal subdivision of this pullback unfolds as a zigzag structure, which is typical in second waves.

From the April 18 high, wave (A) finished at $592.6, followed by a rally in wave (B) that reached $643.87. The decline has resumed in wave (C), which develops as a five‑wave diagonal. The measured target lies between $522 and $545, based on the 100%–161.8% Fibonacci extension of wave (A).

Breaking down wave (C), wave 1 ended at $596.14, while wave 2 rallied to $642.4. The subsequent wave 3 decline reached $579.22. A wave 4 rally is anticipated but should fail in either three or seven swings, setting the stage for further downside.

Near term, as long as the pivot at $643.87 remains intact, rallies are expected to fail in corrective sequences. This outlook supports continued weakness toward the projected support zone, where buyers may attempt to stabilize price action.

META Elliott Wave chart

META Elliott Wave [Video]

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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