Meta Update: Waiting for the top

Meta has just barely pushed out of the top of my target box. This is still the area I expect it to end and isn't entirely surprising as I am counting this as the wave ((1)) of III. Wave 3's of any degree are very strong and the most likely wave to extend beyond standard fibs. This high is on neg div and should be concluding soon. Once it finally does top, the next target is kind of a wide box. That is because it is a wave 2 and they can be unpredictable as they can either be long and shallow or short and deep. Once we get the A wave carved out it will give us an idea of the time duration for ((2)), and then the subsequent b wave will help guide us to the C wave bottom for ((2)). I would not be surprised if the impending retrace took the entire rest of the year or even longer. As stated above 2's can be unpredictable. If you are long Meta, I highly recommend you have stops in place to protect your assets. If this is to be standard, then a highly likely end point for the retrace will be around the 0.382 fib in the low $200 area but could easily drop to the 0.236 @ $174.65.