Artem Voloskovets
Meta Platforms is going through a rough patch. That's a technical signal that often means the selling pressure is running out of steam and a short-term rebound could be brewing. Trading near $624, META now sits at a crossroads where the next few sessions could set the tone for what comes next.
The Elliott Wave Breakdown
Since peaking on October 29, the stock has been sliding fast—and according to Elliott Wave analyst Elliottwave Forecast, it just finished a clean five-wave impulsive drop.
The chart tells a clear story:
- Wave (i)–(v) completed from the Oct. 29 peak: A sharp initial drop kicked off wave (i), followed by a brief pullback in wave (ii), then strong continuation through waves (iii), (iv), and (v)—classic impulsive selling
- Price targeting $610–$620: The final leg, wave ((v)) of C, could push META slightly lower before the corrective bounce starts
- Invalidation level at $758.96: If META somehow climbs back above this, the bearish count is off the table
- "We Do Not Recommend Selling" warning: The chart includes a note advising against chasing the downside here—suggesting the risk/reward now favors waiting for a bounce
Why Is META Falling?
It's not just the chart. META's drop ties into broader market dynamics—tech stocks have been rotating out, Treasury yields keep climbing, and META's heavy AI spending has investors on edge. Add in some natural profit-taking after a strong rally, and you've got a recipe for weakness.
With the five-wave drop done, META is likely gearing up for a corrective A-B-C bounce—a short-term rally that retraces some of the decline before the stock picks its longer-term direction. Watch the $610–$620 zone closely; that's where the final wave could wrap up. After that, META either stabilizes and bounces or breaks down further. Either way, the next 24–48 hours should bring clarity.
For now, the smart play is patience—let the wave structure confirm itself before making any big moves.
Artem Voloskovets
