FX.co ★ Elliott wave analysis of Meta Platforms for September 15, 2022

We have been looking for a bottom near 157.66. However, it's clear that Meta Platforms continue to push lower toward the next support seen at 142.26. We are still looking for a low in the near term for a recovery towards 244.18 and maybe even closer to resistance near 275.

However, as long as resistance at 171.39 is able to cap the upside, the underlying impulsive decline will stay intact and try to push Meta Platforms lower towards 142.26. A break above minor resistance at 171.39 will confirm that wave [A] has been completed and wave [B] is in motion.