MetaCorrecting outside a rising wedge ..
Possible bear channel formed
Next stop 290.
Stop loss over 306 stop
FB2A trade ideas
[S-014] MetaTrading idea number S-014 | Meta stock could raise to $336 area.
The setup is positive. The RSI is above the neutrality area at 50. The MACD is above its signal line and positive. In addition, the stock is trading above its 20-day and 50-day moving averages. On the pivot point at 298.14 we find very in-bearing support near the psychological area over which we expect a bounce.
📈 Long Entry at 307.56
💰 Take Profit at 336
💸 Stop Loss at 291
META SHORT (PATTERN ACTIVE)META Rising wedge breakdown with retest and confirmation.
Strong SHORT under 300 to target 293.63, 289.08, 285.66, 284.09.
$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.
Please like, follow and comment!!
Notes:
Past trading plan:
Resistance Overhead/ChannelsPrice has fallen from a lengthy channel up, formed another small channel up and is fighting the resistance of the bottom line of the 2nd small channel. This line was support but is now resistance.
There are 2 gaps below price.
There is a cup but whether price makes to the top of the cup then breaks the resistance that lurks there, remains to be seen.
No recommendation.
Success is going from failure to failure without losing enthusiasm (o:
META: Sell ideaSell idea on META as you see on the chart because we have the breakout with force the support line and the vwap indicator.Thanks.
META, Decisive Wedge Into DISTRIBUTION-CHANNEL!Hello There!
Welcome to my new analysis about META on the weekly timeframe perspective. Since the massive dump which emerged in September 2021 that lasted almost over one year and which caused META to drop over 75% META has formed an gradual uptrend as it bounced within the lower accumulation-zone as marked in my chart. Nevertheless this uptrend is not very strong right now and what should not be underestimated here is this huge descending-channel-formation in which META has a main resistance-level within the upper distribution-channel marked in red. Within this whole channel-development META is building this massive coherent wave-count with the first wave A already completed and now the second wave B developing in a wedge-shape, more precisely a ascending-wedge-formation. Such an ascending-wedge-formation is likely to reverse the whole trend which will in this case be the beginning of the enlarged wave C of the whole wave-count and matching with the upper distribution-channel the possibility is high that META moves on with such a determination. The completion of the ascending-wedge will lead to META pointing to the lower target-zones, especially the all-time-low region as it is seen in my chart, with further supply entering the market this is a likely scenario. If META reaches an oversold condition once it approached the all-time-low region this can be a place for a reversal to show up however it has to be elevated how the signs will set-up with this scenario.
Thank you everybody for watching. It will be great when you support my idea and we move on forward together.
"There are many roads to prosperity, but one must be taken."
VP
Meta WeeklyMeta Platforms, Inc., more simply known as Meta, is a U.S. company that controls Facebook and Instagram social networking services, WhatsApp and Messenger instant messaging services, and develops Oculus Rift virtual reality viewers, founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes under the name of Facebook, Inc.. The company took on its current name as of October 28, 2021. Meta also owns the Mapillary service, purchased in June 2020 by the Swedish company of the same name, and holds a 9.99% stake in the Indian telephone company Jio Platforms
META 20 % dump may happenHi traders
We've seen a beautiful recovery on META since lows reached in November 2022. However, the upsloping support which was respected through the whole recover phase, has failed in August 2023 and now it seems that the price has created the first lower high after reaching 0.786 fib level.
This is not a good sign for bulls and taking into an account that SPX and NASDAQ looks bearish now, we expect META to drop about 20 % in the next weeks and months.
target for shorts: 240 -255 $ ( 0.5 fib level )
If the price breaks above 325 $, we may be looking for a bullish continuation but right now, we are bearish on META.
What do you think ? Share your opinion in the comment section
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META Entry, Volume, Target, StopEntry: with price above 326.20
Volume: with volume greater than 39.22M
Target: 370.74 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 326.21, 304.00 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and 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.
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
META: Buy ideaBuy idea on META as you see on the chart after the breakout with force the vwap indicator by a big green candle with alarge green voolume.Thanks.
META Ready to Get HammeredMonthly chart on META
META has been on a bull run for a year. Take a look at the Heikin Ashi green candles in the uptrend. Not one red candle.
META is now showing first signs of weakness. In last two months, candles formed lower highs.
A huge AB=CD pattern is nearly complete.
META to make one run up to 360 before going down to 280 and then to 200 levels.
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.
META: Big probability of the uptrendOn META as you see on the chart we will have a big probability to have an uptrend if only if we have the breakout with force the vwap indicator by a big green candle with a large green volume.Thanks.
FB, Completes Ascending-Wedge, Downward Continuations Likely!Hello,
Welcome to this analysis about FB, we are looking at the 4-hour timeframe perspectives. As I discovered recently the stock has formed an important and decisive formation that gives the indication for a complete bearish reversal with further declines to follow up in the near future. This formation is an ascending-wedge-formation marked in my chart with the black boundaries. Within this formation the stock already completed the wave-count and recently formed the breakout below the lower boundary this completed the ascending-wedge bearishly to the downside and for now, there is the possibility that the stock snaps back to the 45-EMA marked in red to confirm this level as resistance and continue the downward journey. When this additional pullback emerges the stock will move on with the continuation till the targets are reached, in this target zone marked in my chart in blue within the 290 level there is also some good support lying in which the stock has the ability to stabilize and reverse when the sufficient demand show up however it needs to be elevated how the stock approaches this zone, it will be an important and interesting development ahead.
In this manner, thank you for watching my analysis about FB and the main decisive ascending-wedge-formation that recently completed being the origin for upcoming downward continuations, great when you support it with a like and follow or comment, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
META: Sell ideaSell idea on META as you see on the chart after the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks.
META: This is how it will reach the All Time HighsMeta Platforms has gone undeniably bullish on the 1D technical outlook (RSI = 60.788, MACD = 1.430, ADX = 35.245) as the price overcame the last known barrier, the 4H MA50 which has switched to the new Support throughout the whole week.
The pattern that is standing out in the aftermath of this bullish breakout is an Inverse Head and Shoulders, which interestingly enough had a Double Bottom as its Head. Meta's usual rise structure since late last year has been Channel Down patterns, so it is likely to see another such taking it to the next High. The Inverse Head and Shoulder's structural target is the 2.0 Fibonacci level, and this is our target (TP = 378.00). Interestingly enough it falls a little under the 384.30 All Time High.
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META: Buy ideaBuy idea on META as you see on the chart after the breakout with force the vwap and the resistance line.Thanks.
META slowly reversal #meta slowly going up.
If #meta can hold above 304$, next target 308$/310$.
If below 304$ may back test 300$
I'm bullish #meta
