M1TA34 trade ideas
META Entry, Volume, Target, StopWhen price clears: 248.00
With daily volume greater than average
Target: 267.50 area
Depending on your risk tolerance: 241.50 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
META - KEYLEVELS 1htfMETA - KEYLEVELS 1htf
Meta is strong on his up trend , also beacuse we have a broken resitance on weekly time frame.
But now this zone looks more and more like a distribution zone , carefful on short META , if you wanna do it, maybe you need to wait for a broken red line ( neckline ) with a scalp trade.
Meta is Continuing the Rally towards the Next Key LevelFollowing the recent breakout on the initial key level, a continuation of the bullish rally is expected, driving the price further upward. The anticipation is for the price to maintain its bullish momentum and move towards the next key zone formed.
Continue to buy METAContinue to buy META as TikTok is likely to be banned from the Apple store! meaning new apple device will no longer have access to the app, nor will there be any updates.
In Addition, there are rumors, retailers have banned together to bypass Apple's tracking restriction by creating a customer influencer database tracking centered around META technology! this technology no longer relies on cookies but on AI on places you have visited and likely to visit.
META Update: Is There More to Give?Meta has been on a tear since its bottom of $88. This move has been what I am calling Primary Wave ((1)) of Cycle Wave III. I have a target box for the normal end point of this move up, however looking at the structure alone, it looks like this move up is about done. We are well past standard fib levels on the micro level with the power of this move, which is why I have to resort to structure and MACD alone.
Above is a 4HR chart showing a closer view of the sheer magnitude of this move up. It has risen 211% in a little over half a year!!! ..... and it may not even be done . Notice the arrows, these are important identifiers to be able to determine where we are in the count when you can't rely on fib levels. According to the information we are provided at this time, this move up looks done or at least on its last leg as with many other securities. If MACD makes a new high it changes this micro count, but DOES NOT CHANGE THE MAIN COUNT/TARGET BOX . A new high in the MACD just means we are still going higher in this wave ((1)).
On the big chart, according to the bigger picture we can technically go up to $376 and still be considered to be a "standard" move up. After ((1)) finishes, we will drop for wave ((2)) of III. This could take MONTHS to complete before ((3)) of III starts. Whenever it does though, that is 100% a trade I want to be a part of!!
Armed with this information do what you feel is best in your situation. When price tops or does something crazy, I will update. Hope this helps and until then, good luck everyone!
Bonam Fortunam,
--Tyler
Meta platforms Breaking an essential Fibonacci levelBreakout in Fibonacci level on daily charts with an upward trend asks for a bullish trade, with a precaution on retracement in short to mid term.
Disclaimer- For educational purposes, Please consult you financial advisor before an investment in financial markets.
Cup & Handle//OverboughtTargets 1 through 3 have been met.
Big move and sometimes all we get is T1.
Cup depth is 148.77. Targets for C&H patterns are calculated using the depth of the cup projected from the EL level, which is slightly above the left side's high (sell side) then fib levels are applied. I use the .382, .618 and the .786. If price goes higher, I look for sell signals and use the 1.618 and the 1.272 as possible T2.
This is Overbought with RSI set of 80 versus 70.
No recommendation