Technical analysis by ChipsnCheese about Symbol METAX: Sell recommendation (14 hour ago)

Meta completed its grand cycle 3 on elliot wave structure and entering onto wave 4 now. Wave 4 typically retraces to 0.618 or 0.5 levels of wave 3 which is the zone marked in the box. That zone is also a demand zone and 500 level is the long standing trend line level. If you are eyeing an entry, be patiend and wait for the right level. As the famous adage goes, dont catch a falling knife.