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jthrasher

Facebook inverted Head and Shoulders reversal?

Long
Meta Platforms (NASDAQ:META)  
jthrasher Updated   
NASDAQ:META   Meta Platforms
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
Volume supports the formation but the only thing taking away from its validity a bit is the fact it's a relatively low timeframe. I think it's valid, though, and will play a Long here.
Comment:
Taking profit at 179 and the formation will be negated if we fall below the .618 fib line so our stop loss will be below that.
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