Elliott Wave analysis suggests Meta’s correction may find support near $522-$545 before resuming its uptrend.
Meta’s stock is retracing in a wave ((2)) correction after a short-term rally from its March 27, 2026 low, according to Elliott Wave analysis. The pullback is approaching a key support range of $522-$545, which analysts view as critical for maintaining bullish momentum.
The prior advance, labeled wave ((1)), exhibited strong impulsive momentum, reinforcing expectations for further upside if the support holds. The correction follows a typical Elliott Wave pattern, where wave ((2)) retraces a portion of the initial rally before the trend resumes.
No immediate market reaction was specified, but traders are closely monitoring the $522-$545 zone for potential buying opportunities or breakdown signals.