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

GBP/USD clings to multi-day peaks below 1.3500

GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.

EUR/USD: Post-NFP bounce falters around 1.1580

EUR/USD reverses Thursday’s decline and trades with solid gains in the 1.1560 region, or two-month peaks, on Friday. The pair’s firm performance comes in a context of a sharp correction in the US Dollar as investors continue to assess disheartening US NFP readings.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

XRP Price Forecast: XRP nears critical $1.00 support

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.

Is Gold about to enter its biggest bull run since 2020?

Gold has stormed back into the spotlight and its next move could leave late buyers chasing. On August 5, the yellow metal surged almost 7% – roughly $174 – to close near $4,308 an ounce, posting one of its biggest daily advances in recent history. A weaker U.S dollar, falling Treasury yields, changing Federal Reserve expectations and renewed safe-haven demand all struck at once.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.