META on the weekly is still in a downtrend

Apr 20

And overbought in the short term. We could likely see $444-$480 on the next legs down over the next 2-6 weeks unless META is able to break out of the weekly downtrend and close with a higher low and a higher high on the WEEKLY chart. The 4 hour and one day were extremely oversold hence the recently bounce

Apr 30

Trade active

STILL NOT A BUY

May 2

Trade closed manually

META is likely not done going down but the easy money was made. Next support is $592- $580. It will be a BUY for a bounce to $633-643 before likely resuming downtrend to my original target of $444-480's