FX.co ★ Elliott wave analysis of Meta Platforms for February 4, 2022

In our analysis from January 7, we called for a decline to 218.62 In Meta Platforms (the former FaceBook) (You can see that analysis, by clicking here). Meta Platforms is currently trading near 237 and should continue lower towards our target near 219 in the coming days. We will likely see Meta Platforms regain some of the lost ground once the target near 219 has been tested and we will look for a temporary rally to 306 before renewed downside pressure to near 201.