Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
