META: This is how it will reach the All Time Highs
Meta Platforms has gone undeniably bullish on the 1D technical outlook (RSI = 60.788, MACD = 1.430, ADX = 35.245) as the price overcame the last known barrier, the 4H MA50 which has switched to the new Support throughout the whole week.
The pattern that is standing out in the aftermath of this bullish breakout is an Inverse Head and Shoulders, which interestingly enough had a Double Bottom as its Head. Meta's usual rise structure since late last year has been Channel Down patterns, so it is likely to see another such taking it to the next High. The Inverse Head and Shoulder's structural target is the 2.0 Fibonacci level, and this is our target (TP = 378.00). Interestingly enough it falls a little under the 384.30 All Time High.
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The pattern that is standing out in the aftermath of this bullish breakout is an Inverse Head and Shoulders, which interestingly enough had a Double Bottom as its Head. Meta's usual rise structure since late last year has been Channel Down patterns, so it is likely to see another such taking it to the next High. The Inverse Head and Shoulder's structural target is the 2.0 Fibonacci level, and this is our target (TP = 378.00). Interestingly enough it falls a little under the 384.30 All Time High.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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