With latest rebound on Meta from the 530 area, a running triangle now looks like the more likely scenario at this stage. But keep in mind that this is an unfinished and ongoing corrective pattern, and we need to see A-B-C-D-E legs before the market can stabilize or before any clearer opportunities show up on the long side. Resistance for wave D was close to 700 area, from where we can see some turn down since latest earnings release that leaves some gap open near 670 . So ideally this gap will be filled after current E wave
Highlights
. Triangle in play, more sideways before higher
. Wave E support is at 530-580 zone.
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