META Breaks Out of a Triangle as Wave Five May Begin
Barchart·09/24/2026 04:37:31
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META (Meta Platforms) was stuck in a range but could be forming a potential breakout of a triangle after rebounding from strong support near 535. We see potential early stages of a new recovery that can be a fifth wave.
The current break above wave D swing high and the 692 level confirms that this can be the case. Bulls are possible while the market trades above 525, but beware of pullbacks. A daily close above 744 would confirm strength into wave five.
Highlights:
-Meta breaking out of a triangle
-Daily close above 744 is a confirmation of strength into wave five
-Bullish view valid as long as 525 holds.
www.wavetraders.com
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