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META Wait For The Crack

2453
The rising wedge is about to crack either by time or price. The drop if by price could be substantial. Bulls do not want to see this crack!
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Its about to start cracking
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Still no Trigger for a Short
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CRACK!!!
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snapshot
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META is a great example of why crossing of the line is not a big deal by itself. However, it does indicate weakness and the actual CRACK is not far away.

From this type of structure, the crack usually leads to a violent move lower.

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As you can see since the first CRACK! META has had great difficulties outperforming the bottom trendline. This is usually associated with weakness and a sharp move lower as mentioned before. CAUTION!

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AAAAAAAAAAAND! there it goes!

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MAGIC!
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3rd crack is a charm?
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RealMacro
Real Macro Economic Investing
patreon.com/Realmacro
Also on:
Chart PatternsTrend AnalysisWave Analysis

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.
Chart PatternsTrend AnalysisWave Analysis
RealMacro
Real Macro Economic Investing
patreon.com/Realmacro
Also on:

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.