Meta Platforms Inc. (META) Stocks Elliott Wave Technical Analysis

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META Elliott Wave Analysis Trading Lounge Daily Chart,

Meta Platforms Inc., (META) Daily Chart

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 Elliott Wave Analysis Trading Lounge 4Hr Chart,

Meta Platforms Inc., (META) 4Hr Chart

META Elliott Wave Technical Analysis

 

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$.

 

 

 

Welcome to our META Elliott Wave Analysis Trading Lounge, where we delve into Meta Platforms Inc. (META) using Elliott Wave Technical Analysis. Let's explore the market dynamics on the Daily Chart as of April 10, 2024.

 

 

* GOOGL Elliott Wave Technical Analysis – Daily Chart*

Our analysis reveals a trending function characterized by impulse mode and motive structure, positioned in Minor 5. The direction indicates upside movement in wave 5 of (5). We anticipate further upward continuation, targeting the equality of 5 vs. 1 at $600.

* GOOGL Elliott Wave Technical Analysis – 4hr Chart*

Here, we identify a trending function marked by impulse mode and motive structure, positioned in Wave {iii} of 5. The direction suggests acceleration higher into wave {iii}. Our attention is on further upside potential in wave {iii}. It's noteworthy that our invalidation level is at $480. Currently, we are approaching the previous high around $520, aiming to surpass Minor Group 2 at $530 to target the upside objective at $600.