Video Analysis of Cup & Handle & Elliot Wave C wave buyHello Traders, In this video I point out the bullish cup and handle pattern that is currently forming on NASDAQ:META 4hr chart. I also showed the Elliot Wave pattern .
I'm bullish on Meta for the following reasons
1) Oversold RSI
2) Bullish C Wave (upward)
3) Handle that has formed .5 fib level
4) The Bearish ABCD pattern sold off to the .5 fib level, and I'm looking for a retrace back up to $301.00
5) I have $306.00 as the breakout level of the cup and handle, which should cause price action to go to $325
"Not trading or investment advice. I will wait for confirmation of breakout of $306