Meta
META, BEARISH MARKET-View, Enormous SHORT-Side-Indications!Hello There!
Welcome to my newest idea about META on the major underlying dynamics that I have spotted in the chart, conditions, and dashboard recently. META has turned out to be one of the most bearish dumpers in the market with a massive bearish pressure momentum wave of over -76.00% to the downside liquidating over 800 positions in the market and elevating a gigantic bearish indication for the whole chart.
The recent trend is looking rather weak because of the massively declining volume which is not supporting this weak uptrend. This means that when a bearish wave to the downside shows up this wave is going to accelerate because the volume of this undercurrent weak uptrend is declining more and more. Especially, with a major supply structure staying between the 290 and 360 levels this is going to have the same bearish origin condition as it has been seen within the massive bearish pressure -76.00% dump.
Investors are losing more and more trust in the stock since huge allegations over several years are not decreasing and it seems that investors are decreasing their stakes and position sizes within the stock. This is underlined by the fact that the volume is decreasing within this weak trend and is not supported by investors because if this should be the case the volume would rise. Taking this into perspective here the underlying increasing attractiveness of the stock is increasing the bearish case and decreasing the bullish case almost completely.
As META is now approaching the upper resistance cluster zones with resistances marked by the upper distribution level together with the supply zone levels that already have been the origin of 800 Billion long liquidations in the past such a breakdown to the downside increases further the more often the META price-action penetrates the lower boundary of the crucial ascending-wedge the higher the possibility for a massive bearish breakout and continuation increases.
Once a breakout below the lower boundary of this gigantic ascending wedge formation has shown up similar to it already formed in the past before META dumped over -76.00% in a massive bearish pressure continuation this is likely to increase the possibility for further bearish momentum to accelerate and META is going to continue with this till support has been reached or till the bearish momentum is so severe that it is going to breakout below the lower boundary and just continues into the direction.
Therefore, it will be necessary to spot the actual wave-development to emerge within the next times and exactly because of this I am continuing to keep the stock in my dashboard watchlist and re-evaluate important changes as well as the major underlying factors once they emerged within the price-action.
In this manner, thank you everybody for watching my analysis about USDJPY. Support from your side is greatly appreciated.
VP
XLK - Support DefendedBulls stepped up and bought the initial dip in XLK
If this market is to have nay chance at a rally, tech will need to participate.
So far we now have a weekly Dojo candle that allows us to trade against.
If a retrace lower occurs next week I anticipate buyers to step up unless Yields or the dollar have a significant move to the upside.
NVDA AAPL MSFT AMZN GOOGL META TSLA Price ForecastNVDA AAPL MSFT AMZN GOOGL META TSLA Price Forecast
Welcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Economic Data, AAII Sentiment Data, Rate hike Data.
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16:14 Microsoft Stock MSFT Forecast Technical Analysis
17:28 Meta Forecast Technical Analysis
Couple of Plays & TSLA NVDA AAPL MSFT AMZN GOOGL META Price ForeWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
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TSLA NVDA AAPL MSFT AMZN GOOGL META Price Forecast00:00 QQQ Stock Price Forecast
06:49 Sp500 ETF Price Forecast
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11:28 Nvidia Stock NVDA Forecast Technical Analysis
13:06 Apple Stock AAPL Forecast Technical Analysis
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TSLA NVDA AAPL MSFT AMZN GOOGL META Price Forecast00:00 QQQ Stock Price Forecast
06:49 Sp500 ETF Price Forecast
09:50 Tesla Stock TSLA Forecast Technical Analysis
11:28 Nvidia Stock NVDA Forecast Technical Analysis
13:06 Apple Stock AAPL Forecast Technical Analysis
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$META 285 PT? POP N DROP?Yesterday we had an incredible day trading NASDAQ:META with a 200% play up and 950% play down. Not your usual options trading day, but a calculated trade in both directions. Yesterdays pop drop and pop created alot of tension in an area already pent up. I do think we have a high probability of downside, but I am ready to take it long if triggers break.
META is under pressure. Expect one last dip.META is trading around the MA50 (1d) since the Sep 14th Lower High and seems to be acting as a Resistance.
The long term trend is heavily bullish on a Rising Support and best depicted by the application of the Fibonacci Channel.
However a Channel Down is emerging and as long as the Lower High holds, we expect one final dip to gather new long term buyers.
Trading Plan:
1. Sell if the MA100 (1d) breaks.
2. Buy at 265 (Rising Support).
Targets:
1. 265 (Rising Support).
2. 385.50 (All Time High, under the 1.5 Fibonacci extension).
Tips:
1. The most ideal sell target and obviously buy entry will be preferably if the RSI (1d) hits the 30.00 oversold level.
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Notes:
Past trading plan:
TSLA NVDA AAPL MSFT AMZN GOOGL META Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 QQQ & Sp500 ETF Stock Price Forecast
07:22 Tesla Stock TSLA Forecast Technical Analysis
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18:46 Meta Forecast Technical Analysis
XLC - COMMUNICATIONS XLC has and is still one of the strongest sectors.
this is still one of the most skewed ETF's with META's absurd weighting but nonetheless this pattern is still consolidating on the weekly chart.
There is a lower weekly high we have to monitor right at the top of the resistance channel but with if earnings guidance and revisions are met expect the likes of Google and Meta to lift this to the upside target of $74.
Watching weekly close below $64.50 for a bearish setup.
The technical weekly uptrend remains strong but a daily trend has weakened and needs to be monitored for potential accumulation or additional distribution.
00:00 Economic Data, Rate Hike Data, Sentiment data, AAII Data 0Welcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 Economic Data, Rate Hike Data, Sentiment data, AAII Data
03:25 QQQ Forecast
08:43 Sp500 ETF analysis
10:10 Tesla Stock TSLA Forecast Technical Analysis
12:28 Nvidia Stock NVDA Forecast Technical Analysis
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TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
00:00 QQQ Forecast
06:55 Sp500 ETF analysis
09:54 Tesla Stock TSLA Forecast Technical Analysis
11:21 Nvidia Stock NVDA Forecast Technical Analysis
13:45 Apple Stock AAPL Forecast Technical Analysis
14:45 Amazon Stock AMZN Forecast Technical Analysis
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17:43 Microsoft Stock MSFT Forecast Technical Analysis
19:17 Meta Forecast Technical Analysis
UPDATE META continues to go up the C&H with target $355.12Reverse Cup and Handle formed on META as previously analysed.
We then had a retracement with a Falling Wedge where there was profit taking.
The Support has held and is showing further upside to come. We just need a strong catalyst to boost it up.
7>21
Price >200
RSI>50
Target remains at $355.12
TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
TSLA NVDA AAPL MSFT AMZN META GOOGL Price ForecastWelcome to the daily how to make money online with stock market Mega Cap 7 Tech stock, Nvidia Microsoft Google Apple Amazon Meta Tesla Stock, Technical Analysis Show where I break down the price action and let you guys know what the most likely scenario I think will be going forward.
- Stock Market QQQ & SPY in a neutral trend
- Stock market hourly trend will be our guide
FB, Precarious In Range, Bear-Flag Indicated!Hello,
Welcome to this analysis about the FB - FACEBOOK (META) STOCK and the weekly timeframe perspectives. Since Facebook rebranded itself to Meta it showed up with some declines that should not be kept by the side at this point and in the current structure, FB is showing a development that can be a pivotal indication for further bearish continuations downward. In this case now as when looking at my chart, we can watch there how FB initiated this wave-count with the first bearish impulse-wave to the downside with which it tested the 300 to 310 range together with the ascending-trend-line marked in dashed black. In wave-B now FB is building this main channel-formation in the structure in which it has a coherent wave-count and resistance within the upper boundary also matching with the 15-EMA in red and the 35-EMA in cyan. This now means that there is a higher likelihood given that FB pulls back off these resistance levels and when this happens a continuation will follow and especially an completion of the channel as a bear-flag will set up when FB pulls back below the boundary as it is seen in my chart. Once this whole channel has been completed as a bear-flag facebook will point the main dynamic-support-line and the target within the 250 level which will show completion of this whole wave-count after which further crucial developments will come. When FB manages to hold this structure and bounce in the support this can mark a important reversal otherwise when this does not happen and FB bounces below this zone it will show a bearish continuation in the red bearish-continuation-zone. For now we need to be prepared on upcoming volatilities and increased bearish price action before moving to further conclusions, it will be a important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
#EASEMYTRIP 44.70 Buy Recommendation - Rachit SethiaEASEMYTRIP 44.70
NSE:EASEMYTRIP
TARGET 58
SL 38
RR >2
TF <6 Months
Return ~30%
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia