META has encountered a short term trend line that was previously a support line but now is being tested as resistance
this is a good opportunity for price to be rejected and recovery a bit lower
I have shown this lower recovery with the bars pattern tool.
This would be sort of a scuffed inverted head and shoulders if the price falls down a little.
METAUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% META, 55% Cash.
* BOUNCE WATCH . Equities, Equity Futures, Commodities, Cryptos, CNYUSD, JPYUSD, GBPUSD, EURUSD and US Treasuries are up. DXY and VIX are down. META has now fallen 77% from its ATH in September 2021 after posting two consecutive quarters of revenue declines and is...
