Meta Platforms price target for the comming week!FB could move toward 325-320once again and this means put options have high return potentials this week!
Important price patterns in the Multi-Timeframe Analysis:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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Facebook (FB)
FB - STOCKS - 17. NOV. 2021Welcome to our Weekly V2-Trade Setup ( FB ) !
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4 HOUR
Bearish break towards previous highs.
DAILY
Expecting another push to the upside..
WEEKLY
Great price action, looking for more bullish breakouts..
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STOCK SETUP
BUY FB
ENTRY LEVEL @ 342.58
SL @ 323.06
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Meta is going down ?Hello there Im new to investment just hope this help it looks like in trendlines of 4hr timeframe the fb broke the lines well hope it helps somoene thank you for reading NASDAQ:FB it looks like it broke trendlines at 4hr chart and it looks like it would go down for quite a bit for now (ps i wish i could upload a picture but I still can't hope it helps with information and hope in a future i will be able to givbe more info)
FBFacebook seems to be targeting 355-366 on a bullish move. I really want to see this hold 336 for a move to the upside, if it can't hold that lvl it will unfortunately see downside momentum ! Good luck on the trades but I'm very confident on Facebook leading QQQ ! !! ! !! Happy Thanksgiving one last time !
FB/Meta - Resistance Turned SupportWeekly chart for FB and newly named Meta
It can be seen along the 1/1 Gann line that a previous resistance (red oval) has turned into a support (green oval)
The 50MA can also be seen as a point of support in both points
Now is the time to go long, with the new Metaverse pursuit and the consistency of price displayed through history by Meta
Meta, 22 Nov. Will the Head & Shoulders Work Out?FB printed a large inverted H&S pattern and consolidates at the neckline. However, price is currently in the 50-61% reversal zone so that we need to observe positions carefully.
Elliott:
We can count a wave (i) and wave (ii) in blue, which retraced precisely 50%. Now we count the unfolding wave (iii) on a smaller degree (green waves).
Geometry:
Price reacts nicely to the current pitchfork. A breakout above the upper boundary (blue dashed line) confirms that we are indeed in a wave (iii), because it would also catapult price above the .618 retracement fib. This is important.
Gann:
Support: 340, 312
Resistance: 370
How I trade it:
The idea is to trade the inverted H&S pattern with an entry above the Gann level (341). The target of the pattern is 383. The 355 level (.618 retracement of the previous wave down) is critical because price could drop from here. In that case we are able to close at breakeven and invert the trade.