META Archives - Elliott Wave Forecast

The Blue Box Area Blog: Meta Elliott Wave Reactions

April 30, 2025 By Hassan Sheikh

In this technical blog, we will look at the past performance of the Elliott Wave Charts of the Facebook ticker symbol: META. We presented to members at the elliottwave-forecast. In which, the rally from the October 2022 low ended as an impulse structure. But higher time frame charts supported more upside extension to take place as the main trend remains bullish to the upside. Therefore, we advised members not to sell the stock & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below:

META Daily Elliott Wave Chart From 4.06.2025

Here’s the Daily Elliott wave chart from the 4.06.2025 Weekend update. In which, the cycle from the October 2022 low ended as an impulse structure at $740.91 high. Down from there, the stock made a pullback to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave ((W)) ended at $574.66 low. While wave ((X)) bounce ended at $633.88 high. Then wave ((Y)) managed to reach the blue box area at $467.35-$364.03 equal legs area. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

META Latest Daily Elliott Wave Chart From 4.27.2025

This is the latest Daily Elliott wave Chart from the 4.27.2025 Weekend update. In which the stock shows a reaction higher taking place, right after ending the correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. However, a break above the $740.91 high is still needed to confirm the next extension higher & avoid a double correction lower.

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META Approaches Risk-Free Area for Buyers. What Next?

October 23, 2024 By EWFSanmi

Hello traders. Welcome to another trading blog post where we discuss trade setups that the Elliottwave-Forecast members took in recent days. In this one, we will discuss the META stock.

Meta Platforms, formerly Facebook, is a tech company focused on building the “metaverse.” It owns Facebook, Instagram, and WhatsApp, and develops virtual reality (VR) and augmented reality (AR) products. $META is one of the 26 instruments we cover for members in Group 2.

META has now gained over 500% in barely two years, making it one of the most profitable stocks. As technical analysts and traders, what’s more interesting about this rally is the clear higher-high and higher-low sequence. Using Elliott wave terminology, this is a clear impulse wave sequence from October 31, 2024. When in a bullish sequence, we like buying pullbacks in 3, 7, or 11 swings. Likewise, when in a bearish sequence, we like selling bounces in 3, 7, or 11 swings. Trading can be that simple. We like keeping it simple using Elliott wave theory.

On October 3, we shared a blog post about the META ‘buy-the-dip’ setups we traded on September 24. From the entry, the stock rallied over 8.5% to reach a new all-time high, and members reached their full targets. Meanwhile, from the new record high, META started another pullback, opening up a new opportunity for our members to go long again. Let’s check the setup.

META Elliott Wave Analysis, 10.22.2024

We identified the October 7 high as wave (3) of the impulse sequence from the July 2024 low. Thus, the pullback that followed was to be wave (4). In addition, the pullback emerged as a 7-swing structure. Therefore, we shared the chart above on October 22, 2024, with members, alerting them of a blue box support for wave (4). The blue box covers the 578.71-565.49 price area. We expected the stock to find support and complete wave (4) within the blue box. As a result, wave (5) should begin, or the price should make at least a 3-swing bounce.

We added a long position from 578.71 with a stop slightly below 565.49 to the trading journal. We intended to close half of the position at the 50% retracement of wave Y of (4).

META Elliott Wave Analysis, 10.22.2024

META reacted perfectly from the blue box, as we expected. We shared the chart above with members on October 23, 2024 — a day after the setup. The first reaction from the blue box is an impulse structure for wave 1 of (5). We expect further rallies from the wave 2 minor dip and then wave 3 to break above into a new record high. Alternatively, a 3 or 7 swing bounce may occur instead. This is why we like to close half of the position in profit and adjust the rest to the last pivot low when the price reaches 50% of the 3rd leg of the pullback, as we have in this case. This way, we can take the risk off the table in case the price is not as ambitious to the upside as we are.

We will continue to monitor the development of META and the other 77 instruments we cover, providing 24-hour updates to members.

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Elliott Wave Analysis: META hits new high from blue box

October 3, 2024 By EWFSanmi

Hello traders, welcome to another ‘Blue Box’ blog post, where we review past trades taken by Elliottwave-Forecast members for educational purposes. In this post, we’ll discuss a recent trade setup on META.

After a significant decline of over 77% from its July 2021 record high, the stock has since delivered one of the best gains in the past two years. From the January 2023 lows, it has surged around 500% in a clear bullish sequence. When price is trending in a bullish sequence, we prefer buying dips in 3, 7, or 11 swings. Conversely, in a bearish sequence, we focus on selling bounces within the same 3, 7, or 11 swing corrective structure. This way, we align our trades with the dominant market direction.

Moreover, we mark potential trade zones with the Blue Box on our charts, which guides members on where to enter trades and place stop losses, ensuring they follow the market’s overall path effectively.

META Elliott Wave Analysis, 9.24.2024

On 9.24.2024, we shared the META H1 chart with members. We identified a 3-swing pullback which we expected to complete within the 557.43-550.30 blue box range. We recommended traders consider buying from this blue box, placing stops below it. Additionally, we provided a trade management guide in the trading journal and live trading room.

As the chart above shows, traders went long from the blue box. Shortly afterward, the price reacted and separated from the blue box to a risk-free area.

META Elliott Wave Analysis, 10.02.2024

On 10.02.2024, we shared the chart above with members, highlighting how far the price has moved away from the blue box. The chart also indicates that the impulse wave sequence is likely incomplete. From wave ((iv)), the price is expected to rally in wave ((v)) to complete wave (3). Afterward, a pullback for wave (4) should occur, and we can consider buying again if the pullback meets our entry criteria.

We will continue to monitor the development of META and the other 77 instruments we cover, providing 24-hour updates to members.