Meta Platforms Inc.(META:NASDAQ) Elliott Wave Technical Analysis 30 November 23

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Meta Platforms Inc., Elliott Wave Technical Analysis

Meta Platforms Inc., (META:NASDAQ): 4h Chart 30 November 23

META Stock Market Analysis: We are looking for continuation higher on Meta as we are forecasting a potential wave 4. There is an alternate count with a more bullish scenario which will be discussed on the 1h chart. This count is forecasting a Minor wave 4 near completion to then resume higher.  

META Elliott Wave Count: Wave {c} of 4.  

META Technical Indicators: Below 20EMA.

META Trading Strategy: Looking for longs into wave 5 on 330$ tested support.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

Meta Platforms Inc., META: 1-hour Chart 30 November 23

Meta Platforms Inc., Elliott Wave Technical Analysis META Stock Market Analysis: Looking for minute wave {iv} instead of Minor wave 4 to be in the making. Looking for equality of (c) vs. (a) to then look for additional upside.  

META Elliott Wave count:  Wave (c) of {iv}.

META Technical Indicators: Between averages.  

META Trading Strategy: Looking for longs into wave {v} on 330$ tested support.