Elliott Forecast - META Looking to End Impulsive Rally Wave (5) | ResearchPool

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Elliott Forecast

Daud Bhatti

META Looking to End Impulsive Rally Wave (5)

January 10, 2024 By

Short-term Elliott Wave View in Meta shows an rally from 10.23.2023 low. Up from 10.23.2023 low, wave (1) ended at 342.92 and pullback in wave (2) ended at 313.66. The stock rallies again in wave (3) towards 361.90 and dips in wave (4) ended at 340.01. Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure as the 45 minutes chart below shows.

Down from wave (3), wave ((a)) ended at 357.81 and wave ((b)) ended at 360. Wave ((c)) lower ended at 351.82 which completed wave W. Rally in wave X ended at 355.32. Down from there, wave ((a)) ended at 349.75 and wave ((b)) ended at 354. Wave ((c)) lower ended at 340.05 which completed wave Y of (4). The stock has turned higher in wave (5). Up from wave (4), wave ((i)) ended at 348.15 and wave ((ii)) ended at 344.16. Wave ((iii)) higher ended at 360.64. Expect pullback in wave ((iv)) followed by another leg higher in wave ((v)) to complete wave 1. Afterwards, stock should pullback in wave 2 to correct cycle from 1.2.2024 low in 3, 7, or 11 swing before it resumes higher.

META 45 Minutes Elliott Wave Chart

META Elliott Wave Video

Source:-forecast.com/news/meta-looking-end-impulsive-rally-wave-5/

10/01/2024 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Daud Bhatti

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