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.
Note
I may have been a week or so early but I still expect a reversal is nigh
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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.