Reverse Cup and Handle formed on META as previously analysed.
We then had a retracement with a Falling Wedge where there was profit taking.
The Support has held and is showing further upside to come. We just need a strong catalyst to boost it up.
7>21
Price >200
RSI>50
Target remains at $355.12
Rectangle AEFD is a major golden rectangle in the NASDAQ:META with a time axis from September 2012 to January 2024 of 593 weeks with PHI expansion from focus.
Time Cycle:
Progression: 225 ( 224 +1), 367 ( 364 +3), 593 ( 588 +5)
1 + 3 + 5 is also a Fibonacci series. ( 3 successive PHI progression signifies end of cycle).
Total price Unit = 366.99
366.99 *...
