After a sharp rally, Meta has taken a more measured approach but continues to build on its upward momentum, even reaching a new all-time high. We’re still allowing for further gains in green wave [B], with room to run up to the new resistance at $842.87. Ideally, we would expect the price to reverse downward at that level to resume the broader correction. In wave [C], we’re preparing for potential sell-offs toward support at $471.67, though we still anticipate that the final correction low – and the subsequent trend reversal to the upside – will occur above this level. Looking further ahead, the next bullish cycle, wave V, is likely to drive Meta to new highs above $906.60 over the long term.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.