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TraderDaddyOG
Feb 20, 2024 2:20 PM

META - Interesting price action repeating itself Short

Meta Platforms, Inc.NASDAQ

Description

We could see a failure to reach new highs and all this left shoulder liquidity can be used to push us below (or at least retest) the key 453 level. From there, we have a massive gap to fill to the low $400. Prior to any short entries, however, I will for a retest of the top of our teal selling channel which will form our right shoulder - and with a lack of buying volume needed to break us out, I will look to enter a short position.
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