Trading The Correction In Meta PlatformsIn this update we review the recent price action in Meta Platforms and identify the next high probability trading opportunity and price objectives to target01:27by Tickmill2
META - my oculus sees a gap fill Gaps get filled. Green arrows show latest dip buys filled the gap from the mass sell off. My red arrows show potential gap fills to equalize this out. Entered PUTS late in the afternoon in anticipation of a gap fill to the downside and seeing the post market dip as well as nice candle Pin off of the 20ma (red line) on the daily gives me a solid indication of where the METAverse is headed in the next few days. The is not investment advice just another one of my crazy ideas…. trade at your own risk. Will I put dinner on the table with this trade? Like and follow to find out!! Yehawwwwww traders! Shortby Verum0111
#META 4hr chart reversing off bottom of channelMeta seems to be reversing off the bottom of the channel which has held meta price action lower since the February gap down on results. This reversal is coinciding with news that the FCC boss mentioned that the US Should ban TikTok - widely known to be one of facebooks fiercest competitors in the space. Let's see if we can get some follow through on this move..Longby MarcoOlevanoUpdated 1110
$META flag on the 30m with some gap left to fill from the daily Still some room to fill on that gap from the daily, volume dropping off, flag forming. Longby ajoenamedjoe2
trendlines don't lie! 😊currently trend support from early 2022 acting as resistance in late 2022. this is a bad sign for bulls, for now bearish bias is logical. If we climb back above trend support a bull move is possible. last chart from me today, drop some boost and follow to show your support.. thanks 💙Shortby Vibranium_Capital8824
Short entryPossible false break on the downtrend at the 50 SMA & resistance, waiting for confirmation. Would be eyeing the gap fill + launch or a retest of the lows. (depending on market conditions)Shortby Nick_Invests0
META Put after break of ~105 areaLooking for a Put option on META after breaking below ~$105, Overbought STOCH RSI (Caution: possible bull flag formation, waiting for confirmation)Shortby stock_lurker1
FUTURE META MOVEMENT ( BUY )Depends on the previous movements of the chart and recent meta activities we can notice - the strong short movement is coming to and end due a recent push in buying power - the crossing in the purpel hma indecatore - good support pressure - best move : wait until the price crosses the yellow hma indicator and go in as buyersLongby fhuutuuf0
Financial Wave. META-FacebookIt became interesting for us to consider the state of Meta. Unlike Twitter, Meta's outlook looks pessimistic. Our preferable scenario is the continuation of the downtrend, the price may rebound to the range of $190-250, after which the downward movement will continue. The fall may resume without a rebound, the target level is $60. In case of growth above $250, the downward scenario will be cancelled.by Financial_Wave2
Buy facebook (meta) huge buy volumeBuying Facebook here under the new re-brand meta. From a purely TA perspective, Meta looks great. The best signal in trading is volume and support. We can see huge buy volume came into facebook last week on the buy side at support. This gives high probability that the share will look to take out its ATH. This is a great leveraged play here which could reap massive profits buy holding till next year or more. From a fundamentals perspective everyone knows the facebook brand is pretty unloved. Meta is a fantastic idea. Zuckerbug through his ownership of facebook and instagram has tonnes of personal data on us all and will surely know how to use behaviour marketing strategies to encourage us all into the new metavese. I predict that within a year or so we will all have some form of online avatar presence and the metaverse will be the next big thing. Meta looks an incredible buy here, stop loss at last weeks low.Longby breakoutfakeoutUpdated 332
buy fb (meta)Inverse head and shoulders here on meta. Buy ahead of breakout above See earlier post for more info on my meta long tradeLongby breakoutfakeoutUpdated 3
Meta keeps dipping!Meta is already down %77 from the top and it still seems bearish as long as it’s trading below $117. The next crucial support is at $57 which is the ultimate support and the potential bottom for this bear market in my opinion.by farhadnmd9
META Facebook/Meta - Too Much Bear, Not Enough BullPersonally, I have only low opinions of Facebook, for it exists really as a big data collection hub. A lot of tracking cookies just traffic your browsing history and information back to their servers, whether you have an account or not, for AI analysis and surveillance. And then there's the Metaverse, which Mark Zuckerberg and Communist Party Global are so delirious that they think you're going to spend your 40 hour work week with a 10 pound Oculus Rift bolted to your face while you lay on the floor in your pod covered in blankets with your heat restricted by the Communist Party Central Planning Committee to 18C eating the bugs as they scream "climate crisis" and "energy crisis" while showing off in their private jets, feasting on cows. All commentary on the state of affairs of the company and the disastrous direction the Metaverse vaporware has taken it aside, I'm a price action trader, and when it comes to Meta, which is a keystone of the Nasdaq, you just have to have your interest piqued when something has dropped as much as this boat anchor has. Notably, in the last 2 months and 4 days alone, Meta has lost 76% of its value. Just look at this monthly: With stocks, these types of doom gaps rarely seem to present a real buying opportunity to capture a retrace with. This is demonstrated in Meta on the weekly, which shows literally 8 consecutive losing weeks, with pretty much no bounce at all. In the last two weeks alone, from the broken low to the bottom was another 28%. Looking at the daily, we can see that the post-earnings dump just literally went straight down in a straight line. This is the definition of "oversold," really. But as any seasoned trader who has burned their hands will tell you, something being oversold does not make it a buy, for that oversold indicator can snake on the floor for a lot longer than you can stay solvent before finally recovering. Yet, we get to a key juncture that gives us a situation that certainly piqued my interest tremendously. Not only has Meta dumped another $10 in the first trading days of November already, but it made a very weak high on the first and has since traded below a key pivot low from 2016. Additionally, price action on Non-farm payrolls Friday showed Meta crush through a short term double bottom and then reverse. To me, all the stars have aligned and all the conditions precedent for bears to get #rekt are present. Going long here means you have a $7 upside just to the November high. That November 1 high will not be the high of the month for Meta. You can pretty much set your watch to that. At some point, they will rip it past it and clear out the shortsellers and bring in rally chasers, for sure. Better yet, trading back to the post-earnings gap down to rebalance the range produces a $12 upside. If Meta trades back to range equilibrium of the up candle before the earnings dump, your upside is $25. A key point here is the area above $120 is a high resistance range on the weekly. If Meta starts to trade in here, especially if it doesn't reject hard, the upside can be significantly higher. You might think that there's no way it could happen, but there's always some latent "news" driver that has been arranged to power the bear guillotine and bring the FOMO in. The key point with trades like this is to manage your risk. Don't be too greedy. Take profits. Be patient. Give up if it won't pump. But don't bottom short and make yourself a dead bear, either. If Nasdaq does what the Dow just did during election week next week, a lot of people's bottom puts are going to expire worthless while those short on margin are going to get gap up on open liquidated. by LordWrymouthUpdated 998
Confirmation needed @ METAWaiting for confirmation to make an entry. So far it made 3 white soldiers. So I will wait for another confirmation before making my decision to go long or short.by PivotTrade91
META - LONG1. Price Moving in Ascending Channel. 2. Series of higher highs & Higher Low. 3. TP-1 will be the 1.236 Fibonacci and TP-2 will be at 1.382 Fibonacci.Longby aliejaz7320
Meta: Chilli Cheese DipMeta is currently reorganizing parts of the company, which resulted in 11,000 job eliminations and further cost-cutting moves. The Meta course is currently rising and expected to fall back down into a correction into the yellow trading area below the support line at $88.09. After the green wave is completed, the trend should shift out of the yellow area to work its way above the resistance at $142.60. Once the Meta-course reached that mark, it should easily climb further above $171.39. If the current trend continues to rise above $142.60, with a probablity of 40%, the Meta course would follow our secondary scenario which is expected to exceed the $171.39-mark without even dropping into a correction in the short-run.by MarketIntel0
meta stocks 150 $meta stock is diverging from the RSI against a sharp decline. I expect this stock to go up towards 150 USDby elhalouitrading1
Meta- Stock- Elliott wave approachThe stock might be in a bigger A-B-C correction now.by memoreister5
META pullback to 108Another rising wedge from a 3 day parabolic move 3 consecutive gaps is not a structure you want to go long on. I'm looking for a pullback here to 108, if we close below 108 then META could close gap at 101.46 2hour RSI At resistance. Overbought CCI Stop loss 115Shortby ContraryTrader1110
Three White SoldiersThree white soldiers chart pattern example on the META 1D chart. This is a bullish trend reversal pattern. #TheTradeSchoolLongby euphoricSeagul143332
Meta break 115?Meta trying to touch 115 or either reverse of continue its way to 65% , 78% and retest that daily supply zone? if we heading to test that supply zone i think we could see 134 but that would mean after breaking all those resistance levels .by pachi830
META Can cutting 11000 jobs reverse the bearish outlook alone?The news of a 11k jobs cut had an immediate bullish impact on the Meta Platforms Inc (META) stock, helping it break above the 100.00 barrier again. Today's much lower than expected CPI number is also adding fuel on this rally but can those alone push the price out of the death spiral it has been since January in particular? Well technically the November 03 drop made a Lower Low on the Channel Down pattern that Meta has been trading in since the February 03 collapse. Taking also into account the massive rebound below the 30.000 1D RSI oversold zone, the price can target the 1D MA50 (blue trend-line) by the end of this month. Beyond that, only a closing above the 1D MA100 (green trend-line), which is unbroken since December 30 2021, can turn the trend bullish. As you see, the November 03 bottom was made on the January 20 2016 Low (89.25). The next Support is the August 25 2015 Low of 72.10, so we will be ready to short this and if broken then 60.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Editors' picksLongby TradingShot2020207