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FB on a 25% decline + expected movements + Strategy.Today, we will look at FB renamed on meta. Currently, we are on 142 days Draw-Down since the previous ATH and a decline of 25%. From here, we will analyze both bullish and bearish scenarios based on the context we can see now. Bullish Scenario: The price bounces on the lower trendline of the corrective structure and breaks the inner descending trendline; on a lower timeframe, we look for a corrective structure (1H or 4HS chart), and a new local high after that is the confirmation towards the higher trendline of the corrective pattern Bearish Scenario: The price breaks the lower trendline of the current corrective pattern, and we observe a bearish movement towards the major support zone at 250.00. That would mean a draw-down of 35% The key aspect to developing successful setups on any asset is trying to answer these questions: * What is my current context? We can define it using trendlines, supports, and resistances + Draw-down characteristics, both in terms of time and decline * Can I find similar situations in the past? Here, it's important to study assets that have a good amount of historical data. We want to find at least 2 situations similar to the current one *Based on the similar situation I have found, can I see a consistent pattern across them that allows me to trade with a risk to reward ratio equal or higher to 2? If the answer is YES, we have to define the expected pattern and wait until the market makes the movement we are expecting. Thanks for reading!
NASDAQ:META
by ThinkingAntsOk
10
HYSR📈LETS GO BRANDON📉HYSRHey Fam.. Just an idea I wanted to share with you all about AN OTC stock with some huge potential.. Let me know what you think please add me and hit the like button if you like my idea I shared with you all.. Let me know if you have anymore Ideas you would like me to draw up I will always do my best.. Please remember.. Patience is your friend and so is the trend.. Don't fight it.. And you will be profitable with discipline and obedience..🔨🦴📉📈😉💯🎯❗🤷‍♂️
OTC:HYSRLong
by robinstallsforyou2
Facebook/Meta Platforms Analysis 17.01.2022Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow!
Editors' picks
NASDAQ:META
by basictradingtv
51
Meta Platforms: Good Risk/Reward IdeeaMeta Platforms - Short Term - We look to Buy at 328.00 (stop at 319.00) Price action has posted a bullish Hammer and is positive for short-term sentiment. Bespoke support is located at 325.00. We look for gains to be extended today. Previous resistance located at 350.00. Risk/reward is ample to call a buy trade. Our profit targets will be 352.00 and 360.00 Resistance: 350.00 / 380.00 / 400.00 Support: 325.00 / 310.00 / 300.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:METALong
by Saxo