Trading Journal Good buy,
sold 1/2 at Extended level
sold rest at break below 50 ma
should have rebought when there was no further selling pressure post break below the 50 ma.
META trade ideas
Riding Wave 5: Is $700 Just Around the Corner?Hey Realistic Traders, Will META Bullish Bias Continue ? Let’s Dive In....
In the Daily timeframe, META rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a Descending broadening wedge pattern was formed. Recently the price has broken out of the pattern. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.
Based on these technical signals, I foresee a potential upward movement toward the first target at $638. After reaching this level, a minor pullback is likely before the rally continues toward a new high at $700.
This outlook remains valid as long as the price holds above the stop-loss level at 550.00.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on META.
Meta for SwingGreetings, everyone. Today i am presenting my analysis of the daily chart for Meta, which leans predominantly towards a bearish outlook. This is substantiated by the formation of a lower high following the recent peak, coupled with the Relative Strength Index (RSI) signaling a bearish divergence.
Here’s a more sophisticated version of this trading idea-:
The level at 544 is presenting itself as a formidable resistance on the given chart. Should this support level be breached and the price secure a close below it, we can anticipate the subsequent targets materializing in the near future.
Alternatively We might observe a rebound from the stated support level, following which the price could encounter resistance along the descending trendline, resulting in another rejection. This scenario may lead to the formation of a lower high, subsequently increasing the likelihood of the aforementioned support breaking down entirely.
This perspective loses it's validity in the absence of a definitive rejection from the descending resistance level, coupled with the failure to establish a viable short-entry position.
Rest i will update idea accordingly, Hope you like my view.
Best Regards- Amit
Meta daily bull flagMeta daily bull flag in progress
Potential blue sky breakout so no TP as of now. Monitoring for TP.
META long Playing the ascending break / re-test of the 1h.
looking to play this to the next daily high's at 595.00
META to $700! Hope you bought the DIPNASDAQ:META to $700! Hope you bought the DIP
We have already broken out of the ascending triangle pattern into all time highs.
We have now came back to retest that breakout while also creating a new bull flag that is gearing up to breakout!
Two things we need the breakout and the flip to GREEN on the H5 Indicator for an entry and ride 19% higher!
Measure Move for both charting patterns is $706 with a timeframe of My birthday: 10Feb!
NFA
META with Bullish StructureMETA has completed a five point bullish broadening wedge. Analyst should look for a new impulsive 5 wave pattern to emerge from this. A pull back wave 2 is likely next putting the next buy range target between $550 and $560. The eager investor may opt for long option chains or buy and hold. Consider BTC's break out of it's broadening wedge for reference.
Current condition: pull back to buy zone or break out from the wedge.
Meta I Potential correction and more growthWelcome back! Let me know your thoughts in the comments!
** Meta Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
META – Consolidating for the Next Big Move: Key Levels to WatchMETA has been trading within an ascending channel, showing signs of accumulation ahead of a potential breakout. This analysis highlights critical levels, price action insights, and actionable trade setups for scalping and swing trades as META consolidates near key resistance.
Market Structure & Price Action:
* Recent Trend: META is trending upward within a well-defined ascending channel, with the price consolidating around $574.
* Liquidity Zones:
* Strong demand is evident around $565–$570, acting as the lower channel boundary.
* Resistance at $578–$580 is capping upward momentum as sellers step in.
* Volume Profile: A recent increase in volume indicates strong buyer interest, but further confirmation is needed to validate a breakout.
Key Levels:
1. Resistance Zones:
* $578–$580: Immediate resistance at the top of the ascending channel.
* $590: Key breakout level and potential target for bullish continuation.
2. Support Zones:
* $570: Short-term support within the channel.
* $565: Strong demand zone and lower boundary of the channel.
Indicators:
* MACD (1-hour): The MACD shows a bullish crossover, suggesting upward momentum, but the histogram is flattening, indicating potential consolidation.
* Volume: Increasing volume near $574–$575 is a positive sign; a breakout requires sustained volume.
Trade Ideas:
1. Scalping Setup:
* Entry (Long): Above $578 with confirmation (bullish candles and volume increase).
* Target: $580–$585.
* Stop-Loss: Below $576.
* Short Setup: If rejected at $578, short below $574 targeting $570, with a stop above $576.
2. Swing Trading Setup:
* Bullish Case:
* Entry: On a breakout above $580.
* Target 1: $585.
* Target 2: $590–$600.
* Stop-Loss: Below $578.
* Bearish Case:
* Entry: Short below $565.
* Target 1: $555.
* Target 2: $550.
* Stop-Loss: Above $568.
Game Plan for the Week:
1. Watch for a breakout above $578 or a breakdown below $565, as these levels will determine the next directional move.
2. Use lower timeframes (5-min, 15-min) to confirm scalping entries near key levels.
3. Monitor volume closely for confirmation of a sustained breakout or reversal.
Thoughts & Outlook: META’s consolidation within an ascending channel indicates strong bullish sentiment, with $578–$580 being the critical resistance to watch. A breakout above $580 could signal a continuation toward $590 or higher, while failure to hold $565 may lead to a retest of lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
$META Under $200s Soon
NASDAQ:META has seen a rise in over +270% in the past 270 days.
I believe we will see a correction, similar to Sept 7 2021 - Nov 7 2022.
In around 420 days,
NASDAQ:META went from highs of $384 to lows of $88. (-77% Drop)
My Target Price is $150-$200.
A $660 Target? Is META Ready to Break Out ? Since its breakout above the resistance line at $544, NASDAQ:META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602.
Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believe NASDAQ:META will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602.
When we zoom out, we can see that NASDAQ:META is within an ascending channel (A), right in the middle. We can also see that NASDAQ:META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B).
Conclusion: In the short run, we may see some downside, but in the long run, I believe NASDAQ:META will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).
Buy & Sell Indicator IdeaA buy and sell indicator is a tool or signal used in trading and investing to suggest when to buy or sell a particular asset, such as stocks, currencies, or commodities. These indicators are often generated through technical analysis, which involves studying historical price data, volume, and other market factors.
Key types of buy and sell indicators include:
Moving Averages
Relative Strength Index (RSI)
MACD (Moving Average Convergence Divergence):
Bollinger Bands:
META Aggressive bullish flowConsolidating.
I have noticed a very aggressive bullish flow coming in everyday.
I am watching a break above the trendline for a possible move back towards $600
Good EW setup should go up at least up to 650 or higherGood EW setup should go up at least up to 650 or higher
META - A Clear Short CandidateThere are just too many signs to not take a Short in META.
- failed to reach the Warning-Line.
- massive resistance
- breach of the Trend-Barrier
- insanely overextended
Potential (partial) targets are the
- U-MLH
- Orange CL
- White CL
- L-MLH of both
May Santa be with us §8-)
Meta, time to enter?Hi everyone!
Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry.
Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to the breakout point and we get the target price of 670$
Caution: If the price fall back to the triangle, this analysis is not valid anymore.
$META ShortNASDAQ:META Short idea.
Relative weakness & a breakdown sell off since last Friday (Nov. 15th)
Break through 550 for a sell off to the first support area around 544 to 542. Or a rejection of the upside level which is around 562. The 50 day EMA @ 563.98 and 9 day EMA @ 567.37 will act as a resistance before a support level.
Not Financial Advice
META is going down to 300 USD, with a one-month chart.META is going down to 300 USD, with a one-month chart. These are only analysis charts, not advice on buying or selling.
META's Reversal in Motion: TA for Nov. 20, 2024META has initiated a recovery from its recent downtrend, breaking out of a descending trendline on the hourly timeframe. With improving technicals and defined support and resistance levels, META is presenting opportunities for both scalping and swing trades. Here's a comprehensive plan to capitalize on its next move.
Market Structure Overview
* Trendline Breakout: META has broken through a descending trendline, indicating a potential reversal.
* Recovery Phase: Trading around $561.50, the stock is stabilizing above key levels and showing signs of continuation.
* Volume Analysis: A surge in buying volume during the breakout confirms bullish interest.
Liquidity Zones
* Demand Zone (Support): $547.00 - $550.00. This range is where buyers stepped in during the recent reversal.
* Supply Zone (Resistance): $575.00 - $580.00. Sellers could emerge in this area as it aligns with previous rejections.
Order Blocks
* Bullish Order Block: $547.00 - $550.00. Look for this zone to act as a floor for any pullbacks.
* Bearish Order Block: $575.00 - $577.00. This area may see profit-taking and selling pressure.
Key Levels
* Support Levels: $547.00, $550.00, $559.00.
* Resistance Levels: $575.00, $580.00, $599.50.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): META is trading above these EMAs, confirming bullish momentum.
* MACD (Hourly): Bullish crossover with a rising histogram, supporting the upside case.
* RSI (Hourly): Neutral near 60, leaving room for further upward movement.
Scalping Plan
* Entry: Look for a pullback to $559.00 - $560.00 for a quick scalp.
* Exit: Target $564.00 for initial profits, extending to $567.00 for a higher target.
* Stop-Loss: Place a tight stop at $558.00 to manage risk.
* Game Plan: Focus on high-volume candles as confirmation for entry. Avoid chasing at resistance levels.
Swing Trading Plan
* Entry: Accumulate near $547.00 - $550.00 demand zone for a higher-probability swing setup.
* Exit: First target at $575.00, with extended targets at $580.00 and $599.50.
* Stop-Loss: Set below $545.00 to limit downside exposure.
* Game Plan: Watch for bullish continuation patterns like flags or consolidations above $560.00 for re-entry opportunities.
Projection
META is positioned to test $575.00 in the short term, with the potential to reach $580.00 or higher on sustained momentum. Failure to hold $559.00 could lead to a retest of $550.00, providing another buying opportunity for swing traders.
My Thoughts
META’s breakout and volume surge suggest a bullish bias. Scalpers should capitalize on momentum above $559.00, while swing traders can use pullbacks to the $550.00 zone for an optimal entry. Adhere to your trading rules and let the chart dictate your actions.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Conduct your own research and consult with a financial professional before trading.
Meta Platforms (META) Shares Dip Below $550Meta Platforms (META) Shares Dip Below $550
On 7 October, we analysed the Meta Platforms (META) price chart and highlighted:
→ The formation of a long-term upward channel (marked in blue).
→ The key drivers supporting bullish sentiment.
We also emphasised the psychological significance of the $600 level.
Since then, the price has approached this level four times, only to be met with resistance each time (indicated by red arrows).
Yesterday, for the first time since mid-September, META’s price fell below $550, suggesting that the stock underperformed the broader market during October and November.
What’s Next?
Technical analysis of the META price chart reveals that the stock is trading within a range defined by:
→ Resistance at $600, which has consistently proven robust.
→ Support at $545, a level that previously acted as resistance (marked by arrows).
While the channel median initially acted as a “magnet” for the price (highlighted with an oval), November patterns suggest the median now "repels" the price downward, a bearish indicator.
Bullish momentum might regain strength if the price approaches the lower boundary of the blue channel. However, the sustainability of demand at these levels and whether it can drive a successful breakout above $600 remains uncertain.
Analysts remain optimistic. According to a TipRanks survey:
→ 40 out of 44 analysts recommend buying META shares.
→ The average 12-month price target for META is $662.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
META breaking down to 520 to 539The chart for META indicates a symmetrical triangle, a consolidation pattern suggesting indecision in the market. This setup is characterized by converging trendlines, with lower highs and higher lows, pointing toward an imminent breakout. The current price action is nearing the apex of the triangle, increasing the likelihood of a breakout or breakdown soon. The price is nearing the apex of the triangle, and a breakdown is likely within the next 3–5 trading sessions. Volume confirmation is critical to validate the breakdown direction.
Entry Strategy:
Enter a short position if the price breaks and closes below $555.00 with strong bearish momentum and volume.
Bearish Target: Subtract $15.44 from the breakdown level of $555.00 → $539.56. Place a stop-loss above the upper trendline at $570.00. Take partial profits at $545.00, then hold for the full target of $539.56.
I have taken a put position as I favor bearish breakdown and have taken 520P for 11/29/24 @1.38.
META (Bearish)broke main support level and previous trend support, now should act as resistance and push price down to 500$
