Meta PlatformsUpdated META eyes on $568 then 564 for shallow retrace targets
META hit a Genesis fib at $600 and is retracing.
Ideal dip would be to the red 4.236 at $568.25
Deeper retrace and must-hold fib is at $564.27
Those levels assume a shallow correction.
If it goes deeper than we will recalculate.
But if strong bull, then it will be shallow.
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Ideal dip would be to the red 4.236 at $568.25
Deeper retrace and must-hold fib is at $564.27
Those levels assume a shallow correction.
If it goes deeper than we will recalculate.
But if strong bull, then it will be shallow.
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Trade active
DOINGAlmost perfect bounce from the 4.236
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Zoom in (m15)
Currently negotiating with the sister of our target.
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Zoom in MORE (m1)
Nice confirmations of the local fibs
So we can continue to watch them.
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So is the Dip Done? No way to "know"
But we "extrapolate" that it could well be.
Use a "conditional" break of $583.29 to add.
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Trade active
BOOMHit our Genesis fib and LAUNCHED to new highs!
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Zoom IN (M15) and add a fib to the bounce:
Just hit local Golden that may end this wave.
So we look for possible dips to Green arrows.
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So that was a 6.88% move in one wave
Scalpers should close most/all of the trade.
Holders should keep holding, sell higher up.
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Trade closed: target reached
Back to the "Scene of the Crime"Market dip then earnings brought it back down.
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Zoom in (m5) around earnings
Pierced our Genesis fib but now trying to hold.
Looks to ail unless Monday brings strong bulls.
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the Golden Ratio is my Religion
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the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.