🚨♾Meta Platforms(META)♾ will Go Down at least ➖20%🚨
Updated
🏃♂️♾Meta Platforms(META)♾ is moving near the 🔴Resistance zone($332-$315)🔴.
💡Also, we can see Regular Divergence (RD-) between two consecutive peaks.
In terms of Elliott wave theory, the Meta Platforms(META) seem to have completed the main wave 3 at the 🔴Resistance zone($332-$315)🔴 with the help of the Expanding Ending Diagonal Pattern.
🌊It is interesting to note that in the middle of main wave 3, the main Bullish Long Island Pattern can be seen, which confirms our wave count.
🔔I expect the Meta Platforms(META) to lose at least ➖20% of its value after breaking the lower line of the Expanding Ending Diagonal and reaching the 🟡Price Reversal Zones(PRZ)🟡, Support line(1) and 🔵200_SMA(Weekly)🔵.
📚If you want to know about the types of Gaps, you can read the following article.👇
Meta Platforms( METAUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💡Also, we can see Regular Divergence (RD-) between two consecutive peaks.
In terms of Elliott wave theory, the Meta Platforms(META) seem to have completed the main wave 3 at the 🔴Resistance zone($332-$315)🔴 with the help of the Expanding Ending Diagonal Pattern.
🌊It is interesting to note that in the middle of main wave 3, the main Bullish Long Island Pattern can be seen, which confirms our wave count.
🔔I expect the Meta Platforms(META) to lose at least ➖20% of its value after breaking the lower line of the Expanding Ending Diagonal and reaching the 🟡Price Reversal Zones(PRZ)🟡, Support line(1) and 🔵200_SMA(Weekly)🔵.
📚If you want to know about the types of Gaps, you can read the following article.👇
Meta Platforms( METAUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Note
A closer look at the META in the 4-hour time frame, it seems likely that the META will touch the resistance zone again and then fall.Trade closed: target reached
Target Done: META was able to touch the lower line of the expanding ending diagonal.If META touches the $350, We can expect higher numbers than that.
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