Technical analysis by ChipsnCheese about Symbol METAX: Sell recommendation (11/3/2025)

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.Next week Meta is going to be on the up, I expect it to hit 649 or even 661 level before it reverses again. Gap fill between 540 and 573 will happen and then it can go perhaps even lower. Good entry price will be between 520 - 550 band. More precise number to be seen when the last leg of correction will begin.