META printing identical pattern as the 2022 Bear Cycle.Meta Platforms (META) is on the 5th straight week of sideways price action within the 1W MA50 (blue trend-line) and 1W MA100 (green trend-line). If we exclude the marginal break of December 08, this is the 11th straight week within this range.
Following the mid-August All Time High (ATH), the stock has technically entered a strong downtrend, the strongest since February - March 2025 and its only Support is the 1W MA100.
This looks identical with the start of the previous Bear Cycle. The Bull Cycles that preceded both peaked on the month of August (2021 and 2025 respectively) and right now (January) we are in a similar position as January 2022, with the 1W MA100 supporting, while the 1W RSI is just below 45.00. On top of that, add the fact that the current 1W RSI has been has been under a huge Lower Highs Bearish Divergence since March 04 2024.
With both patterns involving also a Higher Lows support, which after it broke in 2022 led to a Bear Cycle bottom just below the 1.236 Fibonacci extension, we expect META to repeat this if the 1W MA100 breaks and target $360 (Fib 1.236) towards the end of the year. Notice that this would make a perfect contact with the 1M MA100 (black trend-line).
It has to be noted at this stage that the 2022 Bear Cycle was extremely strong due to the dismal fundamentals. It wasn't just the macroeconomic environment (Inflation Crisis, Ukr-Rus war) but also the Metaverse disappointment. It is highly unlikely to get another such strong Bear Cycle, unless a similar bearish catalyst emerges.
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