Meta/Facebook has destroyed its nearby support level and has nothing left to sustain ground for any lasting upside push. A relief rally could come over the next couple of years however, the downward slope has already initiated. Barring any rise above $305, it can be comfortably assumed that Meta will look to discover support near the $60 range. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
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Could/should be due for a return towards $197 soon.
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Likely upside retracement zone now measured near $165. Ultimate bottom expected to land below $50.
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META is already in the phase of C wave...
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