Meta: Counter-Reaction!

Meta initially sold off toward the support at $580.29 as planned but recently experienced a counter-reaction as it neared this level. Primarily, we anticipate that the stock will soon turn downward to continue the ongoing bearish impulse. The magenta wave (3) is expected to set its low below the $580.29 level. After a moderate recovery in wave (4), we expect further declines. However, should stronger upward momentum push the stock above the resistance at $690.55, we may have to prepare for a new corrective high of green wave alt.[B] near the $906.60 mark (probability: 37%). Primarily, however, we consider the regular wave [B] as already complete.