Peter Smith
META stock is showing a developing bullish structure following its late-March low, with price action aligning closely with an Elliott Wave progression that suggests more upside ahead. The latest move confirms the early stages of a new impulsive cycle rather than a continuation of the prior decline.
The META Move From the March 28 Low
The chart highlights a clear pivot around March 28 near the $520 region, where a completed corrective structure marked the end of the prior decline. From that level, META advanced in a defined upward move, reaching approximately $539.55 - labeled as wave 1.
This initial leg higher stands out as a clean directional move, breaking away from the previous downward structure and establishing the first higher low sequence. The transition from decline to recovery is visible through this impulsive advance.
A META Pullback That Holds Structure
After completing wave 1, META stock retraced to around $531.85, forming wave 2. The pullback is relatively contained and does not break the March 28 low - keeping the developing bullish structure intact.
This type of price action is consistent with a corrective phase within a broader upward sequence. The decline into wave 2 is measured rather than aggressive, suggesting the structure remains constructive rather than at risk of breakdown.
As Elliottwave Forecast noted, the structure now favors continuation higher in waves 3, 4, and 5 to complete wave (1).
META Stock Extends Rally as Tech Leads Gains captured the broader momentum context around META's recovery, showing how the stock has been benefiting from sector-wide strength that reinforces the technical structure now visible in the wave count.
META Structure Points to Further Upside in Waves 3-5
The right side of the chart outlines a projected path where META continues higher in a multi-wave sequence. Price is currently trading above the prior pullback zone, maintaining a pattern of higher lows since the March 28 bottom - keeping the bullish sequence intact and supporting the expectation of further upside.
The formation shows early sub-waves developing, indicating that the next phase of the move may already be forming within the broader wave (1) structure.
Tech Stocks Rally Signals Renewed Bullish Momentum places META's wave structure within a broader technology sector recovery, showing how the impulsive advance from March lows is not isolated to META but reflects a wider shift in mega-cap tech momentum. Nasdaq Gains as Mega-Cap Stocks Push Higher reinforces the index-level backdrop supporting the Elliott Wave projection, where broad participation from large-cap names provides the underlying demand that sustained multi-wave advances require.
The broader structure reflects a transition from correction to impulsive growth - with waves 3, 4, and 5 expected to unfold as the next legs of the ongoing cycle if the higher-low pattern established since March 28 continues to hold.
Peter Smith
