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FX.co ★ Elliott wave analysis of Meta Platforms for May 25, 2022

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Forex Analysis:::2022-05-25T04:04:27

Elliott wave analysis of Meta Platforms for May 25, 2022

Elliott wave analysis of Meta Platforms for May 25, 2022

Meta Platforms (the former FaceBook) has corrected in the support zone between 157 - 201. We are likely to see a move slightly closer to the lower support near 157 before wave [A] is complete and wave [B] takes over for a rally towards at least 238 and possibly even closer to resistance in the 271 - 297 zone.

So, the short-term look for a little more downside closer to 157 followed by a rally towards resistance in the 271 - 297 zone. However, the best part of wave [A] is clearly behind us and a corrective low should be seen soon.

Analyst InstaForex
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