If we look at the 
META chart, we can see that price has rejected from the top resistance multiple times and has now formed a lower high.
If price can't manage to break above that level, then the most likely scenario is that we see a breakdown from here down to that first support level and trend line at the $478-484 level.
Let's see how it plays out over the coming weeks.
META chart, we can see that price has rejected from the top resistance multiple times and has now formed a lower high.If price can't manage to break above that level, then the most likely scenario is that we see a breakdown from here down to that first support level and trend line at the $478-484 level.
Let's see how it plays out over the coming weeks.
Note
Finally time. Bought $550P and
500P for 3/21
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.