FX.co ★ Elliott wave analysis of Meta Platforms for May 25, 2022

Meta Platforms (the former FaceBook) has corrected in the support zone between 157 - 201. We are likely to see a move slightly closer to the lower support near 157 before wave [A] is complete and wave [B] takes over for a rally towards at least 238 and possibly even closer to resistance in the 271 - 297 zone.

So, the short-term look for a little more downside closer to 157 followed by a rally towards resistance in the 271 - 297 zone. However, the best part of wave [A] is clearly behind us and a corrective low should be seen soon.