META breakout elliott wave 3 Target 700? (CHART)

Elliott Wave theory is a popular technical analysis tool that is based on the idea that financial markets move in patterns that can be predicted and analyzed. The theory is named after Ralph Nelson Elliott, who argued that markets move in a series of waves that are driven by investor psychology.

Ted Aguhob is a Master Elliottician who has studied the Elliott Wave theory extensively and has developed his own approach to analyzing the markets. According to his analysis, if META (formerly known as Facebook) breaks the resistance level of 310 to the upside, it could set up a Wave 3 pattern that could send the stock price as high as 680-700 in the long term.

Wave 3 is the extended wave in the Elliott Wave pattern, and it represents a strong trend that is driven by a powerful force in the market. According to Elliott Wave theory, Wave 3 is usually the largest and strongest wave in the pattern and can give traders the opportunity to make significant profits if they can identify it early and enter the market at the right time.

However, it's important to remember that no analysis is foolproof, and traders should always do their own research and analysis before making any investment decisions. The markets are always unpredictable, and Elliott Wave analysis should be used as one tool in a trader's toolkit, along with other technical and fundamental analysis tools.