Meta Platforms Inc. (META) Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

META Elliott Wave technical analysis

Function: Trend.

Mode: Impulse.

Structure: Motive.

Position: Minor 5.

Direction: Upside in wave 5 of (5).

Details: Looking for continuation higher towards equality of 5 vs. 1 at 600$.

Meta Platforms Inc., (META) four-hour chart

Function: Trend.

Mode: Impulse.

Structure: Motive.

Position: Wave {iii} of 5.

Direction: Acceleration higher into wave {iii}.

Details: Looking for further upside into wave {iii}, with an invalidation level at 480$, we are now sitting at previous higher around 520 and we need to take off from Miner Group 2 at 530$ to then start aiming for upside target at 600$.

Meta Platforms Inc. (META) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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