Meta Platforms (META) has been trading within a Channel Down even since the August 11 2025 All Time High (ATH) and just last week it hit its Top (Lower Highs trend-line) and got rejected. This rejection can technically start the pattern's new Bearish Leg.
Trading already within its 1W MA50 (blue trend-line) and 1W MA100 (green trend-line), this price action displays a lot of technical similarities with the 2018 correction. That fractal also made a first Low on its 1W MA100 before rebounding to an ATH and then initiated the even stronger correction that marginally breached below the 1W MA200 (orange trend-line), completing a -43.77% total decline before rebounding.
Our main long-term Target for META remains $485, which is on Support 1 and by the time it hits, it will be below the 1W MA200 as in late 2018. If the drawdown extends as in 2018, we can see a max drop to complete a -43.77% decline at $450.
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Trading already within its 1W MA50 (blue trend-line) and 1W MA100 (green trend-line), this price action displays a lot of technical similarities with the 2018 correction. That fractal also made a first Low on its 1W MA100 before rebounding to an ATH and then initiated the even stronger correction that marginally breached below the 1W MA200 (orange trend-line), completing a -43.77% total decline before rebounding.
Our main long-term Target for META remains $485, which is on Support 1 and by the time it hits, it will be below the 1W MA200 as in late 2018. If the drawdown extends as in 2018, we can see a max drop to complete a -43.77% decline at $450.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
💰Join TradingShot Account Management | +20% monthly profit | Min. capital $30k | Excellent risk-management
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.