- Meta reversed from support zone
- Likely to rise to resistance level 700.00
Meta recently reversed up from the support zone between the round support level 600.00 and the support trendline of the daily Down Channel from July.
The upward reversal from this support zone started the active short-term impulse wave 1 of the intermediate impulse wave (C).
Meta can be expected to rise further to the next round resistance level 700.00 (former monthly low from July and October).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.