FX.co ★ Elliott wave analysis of Meta Platforms for October 10, 2022

We can count a nice five-wave decline from the 384.33 peak, indicating a low should be in place soon for wave [A]. A corrective rally in wave [B] should follow towards 228.66 and possibly even closer to the 50% corrective target at 258 before wave [C] takes over for the next decline towards 104.84.

Short-term a break above 142.38 will confirm that wave [A] has completed and wave [B] is unfolding towards 228.66