empty
14.06.2022 07:39 AM
Elliott wave analysis of Meta Platforms for June 14, 2022

This image is no longer relevant

Meta Platforms (formerly known as FaceBook) continue to be under downside pressure. We now have a clear five-wave decline from the 384.33 peak and the best of wave [A] is now clearly behind us. We should be looking for a low soon for a corrective rally in wave [B] towards at least 244 and possibly even closer to the 50% corrective target near 271 before renewed downside pressure in wave [B].

In the short term, a break above minor resistance at 178 will indicate that wave [A] has completed and wave [B] is developing. What's important to remember is that wave [B] only is a correction and it can take whatever possible way to 244 possible. B-waves are very hard to predict.

Torben Melsted,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.