META: Intraday KLsMETA 65m: Intraday KLs 182.49, 184.14, 185.14, 188.13; <178.99 upside invalidated; Displaying relative strength// ATR: 5.97, Beta: 1.20., IV: 39.96%//Bias: Neutral-Risk On// Price at time of publish 181.22
FB trade ideas
META PREDICTION Watch the Video!!
1 Hour time frame shows META in a rising wedge pattern I drew out. Within the wedge is also the Ascending triangle.
You can see where price brakes the Ascending triangle and bounces off 174.19
I believe Meta will likely continue up and reject off the top of the Ascending Triangle - 174.90
If It breaks and continues up I My thoughts are we reject off 175.60 down to the price of 167 then to 152 hopefully for a bounce.
IM TAKING PUTS Waiting for entry at 175. I also will hold my March 10 puts 152.5 till we fill that gap down.
GOOD LUCK
META Gap about to get filled?META GAP about to get filled? Looks like a 10% drop might be in the near future.
NASDAQ:META
META/FB could make a come backWe are seeing a nice rebound in Meta though we have a buy limit inside the yellow support zone which should give a better risk to reward ratio.
META ShortEarning, GAP up into Supply zone
Short Entry 190
Stop 202
Target 155, 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Q2 Tech. Sharing a chart of a collection of the larger tech stocks:
META
AAPL
AMZN
NVDA
GOOGL
MSFT
TSLA
AMD
INTC
Broadening wedge, testing the upper bound. Should get interesting.
Meta Possible Run BullishMETA can Reach the POC of the Volume Profile trace form the last Consolitadion. Good momentum so maybe a Good Entry soon. I hope this short Analysis can help to the community.
Any correction, idea or opinion it's well received.
Regards Axu.
$META Bear flag 15m In LiquidtyGave up the 50% retrace on this big pop from a bad ER. Swept liqudity today with a bearflag formation. I'd watch this to the 165's maybe 160's as all these stops get collected up for a possible run to the upside later.
META LongWeekly RSI divergence
Demand Zone created 1/20/2016
Earning 10/26/2022 Gap and run to demand zone.
Entry 96
Stop 86
Target 140
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
meta about to break down on this trendforkthis describes the bearish trend angle meta has had recently due to the fundamentals and outstanding availability. if we dont regain an immediate footing on this bear trend and break it were headed for the lower horizontals. even if we return to the middle regression staying over an anchored vwap band price should struggle to stay away from middle regression modularly. looking at frama the contraction shows that a topping out proccess is engaging.
Meta 3WK AnalysisMeta just re-tested strong support resistance and trendline. Price may move down to previous support.
Facebook - Bearish SentimentMeta Platforms is showing heavy bearish signs. Price hit my 178.00 block. It is now testing the 174.14 zone ( a 5min zone). We have EQUAL LOWS around that region which have to be taken out. Once price breaks those lows, it will be headed for the 170.00 Pontential Bearish BOS. That's where price will break structure and fall further.
We remain BEARISH!!!!!!!
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Patience pays!!!
$META price update - price is fighting between two gap areas$META price update
Looking for $META to bounce with $SPY and retest $176.42, then $178 PL.
However if it loses $172.88 we'll likely retest $169.71
Potential head and shouldersThis is a weekly chart. Looking for a potential head and shoulders pattern. The yellow lines is a mirror image of the rally leading to the head.
FB - Correction should still look for higher pricesIn my primary count, Meta has finished the first leg of black wave 4 correction.
I expect a pullback to the downside before another leg up, targeting strong 220 resistance, which is also the 50% retracement from waves 2-3.
