Meta Platforms, Inc. ($META) Provides Another Opportunity from Blue Box area.
@Elliottwave_Forecast：
Meta Platforms, Inc. ($META) Provides Another Opportunity from Blue Box area.November 20, 2022ByEWFTaha Good day Traders and Investors. In today’s article, we will look at the past performance of 1 Hour Elliottwave chart of Meta Platforms, Inc. ($META). The decline from 10.26.2022 high unfolded as 5 swings making a lower low within the 4H cycle from August 2022 peak which created a bearish sequence in the 1H timeframe. Therefore, we knew that the structure in $META is incomplete to the downside & should see more weakness in 3 or 7 swings against 10.26.2022 peak. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box area. We will explain the structure & forecast below: $META 1H Elliottwave Chart 11.15.2022: $META 1H Elliottwave Chart 11.15.2022: Here is the 1H Elliottwave count from 11.15.2022. The decline from 10.26.2022 unfolded in 5 waves breaking below 10.13.2022 low creating a bearish sequence. We were calling for the bounce to fail in 7 swings at red Y of (4) where we like to sell it at the equal legs at $117.58 with a stop at $127.96. $META Latest 1H Elliottwave Chart: Here is the 11.18.2022 1H update showing the move taking place as expected. The stock has reacted lower from the blue box to reach the 50% back from red X allowing any shorts to get risk free shortly after taking the position. Elliott Wave Forecast We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet, Sign Up for Free 14 days Trial nowand get access to new trading opportunities. Welcome to Elliott Wave Forecast! Source:https://elliottwave-forecast.com/stock-market/meta-platforms-inc-meta-provides-another-opportunity-blue-box-area/
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet