EuroMotif

META eyes on 489.05 into Earnings: Golden Genesis fib Top or Not

EuroMotif Mod Updated   
BATS:META   Meta Platforms
This is a follow-up to my Big PIcture calling for $489 (click)

High Gravity fib has held us in orbit for 2 months.
Just got a retest on the day of Earnings release.
This could mark the top or start next leg today.

Time of this post is BEFORE the release,
chart will not show results until next day.

.

Here is my big picture:

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Comment:
Well that was a DISASTER
Earnings report received very badly

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Zoom in (m1)
Fell so hard it barely stalled at 444/446 confluence,
but bounced with a LOUD Ping on the fib at 399.26,
and we got subsequent Pings on sister fib at 420.46

SUMMARY:
- We may have topped at 489.05 even before earnings.
- Earnings may have been the catalyst to initiate a correction.
- Maybe $400 (399.26) will hold if bulls can flip the fib above.

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Comment:
Follow up to last snapshot above:
Last time we were Ping'ing the Genesis fib at $446.62,
now we are Ping'ing the Covid fib (dashed) at $444.03

Those Pings on the Covid fib hint of a pass to sister fib

Sp we might look for one of these moves: next

Lets see what the next few days bring,
we have a very clear range established,
look for a break+retest or bottom bounce.

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the Trading View is my Nation
the Moderator Tag is my Flag
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