Meta Platforms (META)

Meta Platforms (META) EW-Analysis

Max Oen

— 2 min read
Meta Platforms (META) EW-Analysis
1 week

Meta in front of a longterm uptrend.

Since its IPO in May 2012, Meta Platforms has initiated a strong and sustainable long-term bull market. By forming the first bullish impulses in light blue wave 1, followed by the corrective light blue wave 2, Meta began to expand rapidly within a long-term uptrend. This advance continued with the completion of light blue wave 3 and wave 4, ultimately finishing the light blue cycle with wave 5.

After completing light blue wave 5, Meta formed green wave 1, which was subsequently corrected by green wave 2. This 1–2 setup built the foundation for a new expanding long-term bull market in the stock.

This expectation was validated once the stock broke above the highs of green wave 1 and recently completed light blue wave 1 of a lower degree. We expect this light blue cycle to unfold as bullish green wave 3, forming a very impulsive long-term uptrend.

Currently, light blue wave 1 has already been completed, and the stock is now in its corrective phase, developing light blue wave 2.

1 day

For light blue wave 2, we have defined a Fibonacci retracement zone where we expect this corrective phase to come to an end and the stock to resume its bullish long-term uptrend.

This Fibonacci retracement zone ranges from:

  • 50% at $414.37
  • 61.8% at $337.46
  • 78.6% at $227.97

Within this zone, we expect the correction to terminate and light blue wave 2 to reach its completion. From there, we anticipate that the stock will regain strong bullish momentum and continue to follow our long-term outlook into green wave 3.

Due to this long-term outlook, our anticipated Fibonacci retracement zone represents prime buying or accumulation levels. Once this Fibonacci zone is activated, we expect a strong long-term price expansion.

If any structural changes occur or our Fibonacci zone gets activated, we will update you immediately.

Kind regards,
Monalytics

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