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Apr 5, 2024 2:35 PM

Wyckoff Distribution for META  Short

Meta Platforms, Inc.NASDAQ

Description

Elliot wave some gap that might be "runway gap" and "exhaustion gap"

But there are momentum divergence shown so it more likely to be "exhaustion gap"

for sentiment analysis
CEO of this company is selling all the way with 0 buying activity for 12 months straight

I have little worry about about upthrust that can touch SL so I have to set SL quite far

also yesterday have every high volume rejection candlestick |

I use it and OBV divergence as confirmation to short selling META with RR=2

Trade closed: target reached

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