After forming a significant top on August 15, 2025, at $796.25, META entered a multi‑month corrective phase. This decline unfolded as a double three Elliott Wave structure, reflecting a complex corrective pattern. From the August peak, wave w concluded at $580.32, followed by wave x at $744. The subsequent wave y subdivided into a zigzag formation. Within this sequence, wave ((W)) ended at $628.14, wave ((X)) at $672.75, and wave ((Y)) at $519.18, as illustrated in the thirty‑minute chart. This completed wave (II) at a higher degree, establishing a critical low.
From that point, the stock began a new upward cycle in wave (III). Rising from wave (II), wave 1 terminated at $539.55, while the corrective pullback in wave 2 concluded at $531.85. The structure now anticipates further advances to complete waves 3, 4, and 5, which will finalize wave (1) of the higher degree. Afterward, META should experience a corrective phase in wave (2), retracing the cycle from the March 28 low in either three or seven swings before resuming its broader ascent.
In the near term, the pivot at $519.18 remains decisive. As long as this level holds, dips are expected to find support in three, seven, or eleven swing sequences. The technical framework suggests that the correction has matured, and the stock is positioned for continued strength.
Meta 30-minute Elliott Wave chart
Meta Elliott Wave [Video]
Source: https://www.fxstreet.com/news/elliott-wave-outlook-meta-concludes-correction-phase-signals-upside-video-202604010432
