Meta: On a detour ➡️Meta’s price is moving as if it had already completed the correction. In our expectation, however, it is only a slight detour, a substructure of the green wave (2). For the low of the green wave (2), there is still some way to go on the downside. We expect a move down to the green target zone between $209.15 and $140.02
Meta
Part 2 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily 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.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Part 1 of QQQ SPY FORECAST | 7 Mega cap TechWelcome to the daily 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.
- Support & resistance Guide
- Stock Market QQQ & SPY confirmed daily uptrends
- Stock market Bears first step is an hourly downtrend
Meta's stocks are now in high triangle consolidation Meta's stocks are now in high triangle consolidation
This figure shows the weekly candle chart of Meta Company's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, since the end of October 2022, Meta Company's stock has shown almost no significant pullback or surge. Recently, it has been suppressed by the 0.618 position of the top to bottom golden section in the figure, and has now closed for three consecutive weeks below the 1.000 position of the top to bottom golden section in the figure! And Meta's stocks are now in the early stages of relatively high triangle consolidation! So, for a period of time in the future, just use the top to bottom golden section's 0.618 to 1.382 positions in the chart as the long short split range operation. Sell high and buy low within the range, and chase up or down outside the range!
META stock going lowerMETA has recently broken below a well-defined ascending channel, signaling a significant shift in price dynamics. The breakdown indicates a weakening of the previously established bullish trend and the potential emergence of a bearish phase.
In addition, the completion of a head and shoulders pattern occurs when the price breaks below the neckline. In this case, the neckline has been breached, confirming the pattern's validity and providing additional credibility to the bearish outlook.
META First Buy signal in a month.We have been issuing strong buy signals on Meta Platforms (META) since November last year. A perfect example was our February 02 (see chart below) analysis that came with a huge final bullish warning while the price was still at $189.00:
Following the recent -15% pull-back, the strongest correction basically since the November 03 2022 market bottom, the stock price is flashing again the first buy signal on the medium-term as it is testing the 1D MA50 (blue trend-line) as a Resistance after a rebound near the 1D MA100 (green trend-line), which has been intact since January 10.
On top of that, the 1D MACD is on course to form the first Bullish Cross below 0.0, since November 09 2022, which was essentially the bottom of the Bear Cycle. As long as the 1D MA100 is intact, we will buy the 1D MA50 (candle) closing and target 326.25 (Resistance 1). If it closes a 1D candle below the 1D MA100 instead, we will wait and add a 2nd buy position at 260.00, near the Higher Lows trend-line and keep it as long as the 1D MA200. The target for that position will be even higher, as it will be a long-term buy signal, aiming at the All Time High of 384.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
$META -Dangeours Place to Buy(30mins) - A buyers must take note that NASDAQ:META is at a very high risk place to be purchased !
Not only has a strong down-trend taken place, but there is plenty of room to the downside.
(-20% negative draw-down from here if price hits the green support trendline)
Despite today's bounce at a key-level and breaking the first trendline resistance on red,
it is currently trading just below 297.85$ key level mark after bouncing at 276.8$.
Even Breaking 297.85$ KL,
resistance marked on red rectangle @293$ welcomes the price to be slapped by it from
Sellers.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
✏️ $GOLD : New Week's Prediction of the Price (READ THE CAPTION)NEW Forecast of TVC:GOLD : By reviewing the gold in the 4 -hour frame time, we see The price finally reached the bearish Target! The price came up with a demand pressure after reaching the demand zone that shown on the chart and has been able to grow up to $ 1916! But be careful that the price stabilization below $ 1919 to $ 1916 can make the price fall even more , And maybe this week we can see the Targets below $ 1900! Note that today we don't have specific news in the market!
Don't Forghet To Push The Boost (Like) Button and Follow Me for more !
Best Regards , Arman Shaban