I am looking for a reversal in Meta. If yellow wave A is complete in 5 sub waves, we would look for a yellow B wave towards the wave 4 of lesser degree, followed by a C wave up. As long as the C wave does not make a new high above teal wave 5, it is likely white wave 2. We would then look for a substantial decline (wave 3) in the value of Meta. Also of interest is the overbought RSI/MFI indicator. All other indicators are looking to turn.
Yorum:
I may have been a week or so early but I still expect a reversal is nigh