Meta PlatformsShort
META, MAJOR CORRECTION LIKELY SOON
Hey guys I wanted to share what I’m seeing in meta on the 2 week. Meta is another one that’s had a very nice move for a while. I hope some of y’all did well on it. Meta is coming to the end of this phase and it’s due for a large correction very soon in my opinion.
We have strong bearish divergence between price action, strength, and volume combined. Also hitting a major trend line. It’s in the final stages of wave 5 now. The rsi is finally about ready to rollover as well. Over the coming weeks and months ahead we are looking at a potential 35% correction from here for Meta. Of course there will be some nice swing trading in the middle of all this which is what we do at THE TRADER EDGE. I still wanted to start sharing the bigger pic ideas with the public in hopes that I can truly add a little value to someone out there.
As traders we always trade the higher probabilities. Nothing is certain here with meta but the probabilities of at least a hard correction are very high.
Stay safe, stay focused, no emotions. God bless y’all 👊🏼
Visit us at :
thetraderedge.com/
We have strong bearish divergence between price action, strength, and volume combined. Also hitting a major trend line. It’s in the final stages of wave 5 now. The rsi is finally about ready to rollover as well. Over the coming weeks and months ahead we are looking at a potential 35% correction from here for Meta. Of course there will be some nice swing trading in the middle of all this which is what we do at THE TRADER EDGE. I still wanted to start sharing the bigger pic ideas with the public in hopes that I can truly add a little value to someone out there.
As traders we always trade the higher probabilities. Nothing is certain here with meta but the probabilities of at least a hard correction are very high.
Stay safe, stay focused, no emotions. God bless y’all 👊🏼
Visit us at :
thetraderedge.com/
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