Weekly SMA Cross Under, 50% Retrace, Downtrend ContinuesWeekly SMA Cross Under, 50% Retrace, Downtrend Continues
META trade ideas
Meta Boosted by EarningsFacebook has been on a tear ever since its bottom of Cycle Wave 4 @ $88.11. It is clearly extending beyond normal fib levels and should hopefully top inside my box. We could extend all the way out to the 3.0 @ FWB:307 buy its not a high probability at this time. The 2.618 should be enough to stop this move up if we even make it that high. Although, Meta did post earnings 8.86% higher and almost HKEX:1 Billion more in revenues, so anything is possible.
From there I suspect we should start our (A) wave of ((2)). That a wave target will be somewhere around $ 165- HKEX:175 but until we top and start heading lower I can't give a super accurate target zone.
Bonam Fortunam,
--Tyler
META SHORTMeta is at key resistance and should pullback. It went up 12% after earnings report so now there’s nothing else to keep it going higher. Especially now that it’s at resistance it should pull back
Will this FVG get filled anytime soon?NASDAQ:META
Earnings out
Either you got rekt, or you hit the jackpot
$Meta Short Opportunity Puts - Earnings Tomorrow It's not looking great for NASDAQ:META Recovery until June. Trade Safe.
Meta Long TermAs promised here is a graph of Meta long term. Again, this is to show you all that there is a light at the end of the tunnel. We are going through some hard economic times right now and it is hard to decide on what stocks you should invest.
Keep in mind these are all estimates. If a company, such as Meta, has some earth-shattering news that breaks from out of nowhere, it could alter these counts. Aside from that, these numbers will come to pass if Meta follows the "ideal" path and hits the "ideal" targets.
As I have said before, risk assets/stocks do not move in one smooth motion to the target zones. They move in 3 or 5 wave motive waves, rather corrective or impulsive. Stay tuned for more details.
Bonam Fortunam,
--Tyler
Meta Platforms Monthly Log ChartDo not confuse storyline narratives with actual price action.
Reduce noise, use chart analysis.
#Meta #Nasdaq #Bitcoin #Amazon #Shopify
clear breakdown below 3 year moving average
META - Dating back to 2018NASDAQ:META rejected crucial pivot last week, note - this pivot has acted as resistance since 2018. Might look to position myself post-earnings.
Positioning: Bearish in the interim
$META - bull and bear thesisNASDAQ:META
Weekly timeframe
* First rejection off the March 2020 anchored vwap
#Bull: A move back to HKEX:243 , if a sustained close above the December 2018 anchored vwap
#Bear: A move back to $198 if the March 2020 anchored vwap has enough sellers
buy the dips approaching 4yr double bottom looking at Meta, I see buyers off the D Leg/ A leg set up... We're approaching a 4yr double bottom
MetaCorrecting out of a falling wedge..
Price has been trading inside this white channel here
Target 200 gap close
Stop loss 214
METAPrimary Wave B is under formation, Expecting a 5-3-5 zigzag combination as primary wave B. The first leg of the five waves is almost complete and now we will have 3 wave decline. All the best.Happy trading.
The Poop Ladder The Poop Ladder is a technical reversal signal indicating a huge dump is coming.
It's funny that the first round of layoffs actually made this pos pop after a huge miss.
Won't work this time.
Remember what ol' Zuck said - prepare for a ‘new economic reality’ that could last
‘many years’ = which translates to $180.90 gap that needs to be filled.
The Poop Ladder
P.S. $153.58 gap also
META - Bearish TrendReference to bearish divergence showing in the 1-hour time chart confirms the bullish trend is end and bearish trend has started.
At this level a sell order entry can be avail as per my trade plan.
Is that all for Meta?This is a monthly chart and it doesn't look pretty for Meta. Let's wait to the end of the month and see how the candle closes. I have it in my watchlist, this could be the mother of all shorts.
Bias more on downside for META. Take Note:
1) Next week earning report.
2) Meta layoff workers maybe a good news for the last spike to reach ideal price to short.
Support: 200/180
Meta reaches resistanceThis chart shows the convergence of up trend and down trend along with hitting a key level yesterday - the pre crash 2020 high. The up trend channel is very narrow and the price has just slipped below the support line.
BUY META Weekly TimeframeRectangle AEFD is a major golden rectangle in the NASDAQ:META with a time axis from September 2012 to January 2024 of 593 weeks with PHI expansion from focus.
Time Cycle:
Progression: 225 ( 224 +1), 367 ( 364 +3), 593 ( 588 +5)
1 + 3 + 5 is also a Fibonacci series. ( 3 successive PHI progression signifies end of cycle).
Total price Unit = 366.99
366.99 * 1/3 = 139.88 16 March 2020 low
BEHG is a 1 x 1 square. The 1 x 1 and 1 x 2 angles serve as support and resistances within the square. ARC BH served as a support for the low 31 Oct 2022 low.
The top comes in at 237.48 level, the top arc of the ellipse has a rising resistance from 235 to 244 level.
Trade safe
META: Sell ideaOn META as you see on the chart we have the breakout of vwap and also the breakout of the support line so it's mean that we will have a big probability to have a downtrend.Thanks!
META - Short Term ReversalMETA has encountered a short term trend line that was previously a support line but now is being tested as resistance
this is a good opportunity for price to be rejected and recovery a bit lower
I have shown this lower recovery with the bars pattern tool.
This would be sort of a scuffed inverted head and shoulders if the price falls down a little.
Meta Fib Sequence & RatiosOriginal:
//
I believe the 2023 bullish wave has been approaching the local high which is at fib sequence level relative to falling sequence. This looks very overbought for a pullback even from general decline perspective (TimeFib 0.618 - 1). I mean that wave has already caused desperation for many who bought high, so they lost their confidence and will obviously seek opportunity to get out while prices are high. Among them are institutions themselves.
Inflation data of CPI & PPI came worse than expected will cause inevitable tightening of interest rates by Federal Reserve. This alone will cause Meta to issue more stocks while momentum of recent bulls are still buying. If you need the market to go up for you to feel confident you'll end up on 5th wave especially having this type of timing frequency of cycles.
