TSuth

META Update: Not much to add

BATS:META   Meta Platforms
There really isn't much to add about META. We're just waiting on the final machinations of this wave v of 3 to finish. We made a high on neg div, but it wouldn't be out of the ordinary to push up to the 1.382 extension @ $510.54. Once we do finish this move higher, we will start our retrace for wave 4 and if it is to keep with the theory of alternation it will be a deep retrace. I would suspect wave 4 to take us to the $330's or so. Until we make a high and start to carve out some downward price action though, I can't say for certain.

Once we do get that high and start headed lower, I will update with a micro count. Until then it would just be conjecture as price has already extended far beyond normal micro count fibs, hence the larger count guiding us.

Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.

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Bonam Fortunam,
--Tyler
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