META: Technical AnalysisTrend : Range /sideways
Pattern : Double Top
Price may stay (493 - 540)
540 - may act as a resistance
493 - may act as a support.
(information :NOT ADVICE.)
META trade ideas
META Bullish + Bearish PathsMETA was one of my top trade ideas for the week recently and this is a similar setup, but overall it hasn't moved much yet. I'll be watching the 523.20 level along with this descending wedge, it closed right at the top end last week.
If we get a wedge breakout and it reclaims 523.20, I'd look to exit puts and potentially buy calls on a dip. If we get a rejection here instead, I'd expect it to at least hit the bottom end of the wedge, final target for me would be the 492 area.
Meta this is a test since I might have broken my computer since I can't find volume on yesterday's analysis of meta. I think meta is at a dangerous level because the market traded to a very significant ABCD pattern. I would characterize this Market as a trending/ranging pattern. this could be the high but it could trade about 60 or so points higher based on doubling the range box. a treat each range box as if the high is where sellers should be in the bottom of the range box is where the buyer should be. I know this is not etched in stone and that the market could do something differently.... so I will watch and look for Clues from the daily or 4-hour chart to find a trigger in ways that I've described in previous videos. this video is about the difficulty to trade markets that have made all-time highs and the need to find patterns that can help you manage how you might trade this Market.
META double top? Meta never did fully fill the gap at $406.30, you know they say all gaps must fill. It's looking tired and I'd expect with an election year and impending recession/ depression this market will get hit hard soon. I would not go long Meta under $544, it's currently flirting with support and trend line break here. Currently no position but I would lean toward short
META8.31.24 I know meta platform has reached a new high, but I don't see it as a simple trending Market that's going to make tremendous moves higher. that's because the market did make new highs but now it's been ranging, and not just that the market came to an ABCD pattern which is a significant reversal pattern. if I was pushed to make a decision about this Market I would say that it's a trending ranging Market... it's both and it's not clear if the market is going to expand its Trend or reverse and go lower. years ago I got into a stock market trade and I made a lot of money... unrealized profit because I was trading at long term and in a very short. Of time much of it in 1 day took a very large portion of my profits because of bad earning news. that was a wonderful. Of time because every trade I made was absolutely extraordinary because I thought I could make more money as long as I go long.... and then there was the very large correction lower on that first agonizing correction. that was a long time ago I think 19 27 and I never took a position in the equities markets as if it was going to go up forever. for me personally, that is when I learned that there's something I just didn't understand and could reconcile in my Trading and I know it but I didn't know what to do until years later.At the end of this video I laid out the possibility that the market could go to a new high and also move lower
Hold Your Breath: META's Bold Drop Ahead!Join me as I dive into the wild world of META and try to predict their next big move before it happens!
In today's video, we dive deep into the alarming news surrounding META and its potential imminent dumping action! What does this mean for the company and its investors? Join us as we analyse the latest developments, explore the reasons behind this shocking move, and discuss the implications it may have on the tech industry as a whole. We'll break down the data, share expert insights, and provide you with everything you need to know about META's future.
Don't miss out on this critical analysis that could affect your investment decisions!
Be sure to like, comment, and subscribe for more updates on META and the tech world.
META H&S + Support BreakMETA was one of the first ideas I posted in this series and that one worked well. META is one of my favorites overall, it has treated me well in the past. Hopefully it will again, so far it is working.
We have a head and shoulders/double top near ATH. Now it has broken below shorter term support around 523. Got a perfect retest and fail this morning. My target is the 492 area for now.
Meta Platforms (META) AnalysisCompany Overview:
Meta Platforms, a leading player in the tech sector, continues to push boundaries with its advancements in artificial intelligence and virtual reality. Recent developments highlight the company’s commitment to growth and innovation, making it a compelling investment opportunity.
Key Highlights:
AI Advancements: NASDAQ:META recently launched its Llama 3.1 AI model, which is outperforming GPT-4o. This cutting-edge AI technology is designed to enhance applications across Meta’s platforms, including Facebook and Instagram. The model’s efficiency improvements are expected to drive higher engagement in Reels and attract more advertisers.
Enhanced User Engagement: The advancements in AI are set to boost user engagement on Meta’s platforms, particularly through more interactive and personalized content. This positions Meta to capitalize on advertising revenue and maintain its leadership in social media.
Dividend Introduction: Meta has introduced a quarterly dividend, appealing to dividend investors and reflecting the company’s financial stability and confidence in its ongoing growth.
Growth Prospects: The company’s focus on AI and VR, combined with its strong financial performance, supports robust growth prospects and market leadership.
Investment Outlook:
Bullish Outlook: We are bullish on META above the $450.00-$455.00 range.
Upside Potential: With an upside target of $690.00-$700.00, Meta Platforms presents a strong investment opportunity driven by its innovative AI advancements, increased user engagement, and attractive dividend yield.
🏅 Meta Platforms—leading the future with AI and innovation! #META #TechGrowth 🚀📈
META daily channel is getting tight.NASDAQ:META daily chart shows consolidation and has a lot of room to supply above recent highs, should the daily 5 SMA confirm to the upside. Watching closely to see which way this consolidation resolves, as there are always a million opinions, but only one confirmation.
META: Be very careful with these critical points. 1H & D charts 1-Hour Chart (Left Side)
On the 1-hour chart, a Head and Shoulders pattern has formed, which is typically considered a bearish reversal pattern. The neckline of this pattern is around the $523.12 level. If the price breaks below this neckline with strong volume, it could signal further downside, potentially leading to a retest of lower support levels.
The Head and Shoulders pattern is often followed by a decline approximately equal to the height of the head above the neckline, which could suggest a more significant drop if the pattern plays out fully.
Daily Chart (Right Side)
On the daily chart, the price is clearly bullish, however, if it triggers the H&S chart pattern sen on the 1h chart, we could see a mid-term correction to its next support levels.
The 21-day EMA is a very important one, along with the 38.2% Fibonacci's Retracement. The price could correct to this support area and the bullish bias would remain intact, therefore, corrections could be junt buying opportunities.
Key Levels to Watch
Support: The neckline around $523.12 on the 1-hour chart and the 21-day EMA on the daily chart are key support levels. If these levels break, it could lead to further downside.
Resistance: The $539.77 is the previous top level, and if META breaks this key point, it'll reject the bearish thesis as it would cancel the H&S pattern.
Summary
The Head and Shoulders pattern on the 1-hour chart suggests a potential bearish reversal if the price breaks below the neckline. On the daily chart, we see the price losing momentum, but there is still time for a reaction. For now we should watch these key levels closely, as a break in either direction could signal the next major move for META.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
META Market Insight: META (Meta Platforms, Inc.)
In our June 5th, 2024 forecast, we advised a sell slightly after the market’s peak. Though not the highest point, this decision preserved investor capital and provided better re-entry opportunities.
Key Points:
• First Green Line (October 7th, 2024): A buying opportunity as the market calms, offering a favorable entry.
• First Red Line (December 9th, 2024): A signal to consider taking profits or reducing exposure, preparing for potential turbulence.
• Second Green Line (February 10th, 2025): A time to reinvest or add to positions during a period of growth.
• Second Red Line (March 24th, 2025): Another cautionary moment, where safeguarding gains could be prudent.
These lines guide us, much like subtle signs in life, helping navigate the markets with both faith and strategy.
META cup and handle?It can look differently than what I have drawn but the idea of it? the neckline is pretty high so the Handle could be just what it is?
Also I'm looking at the previous formations, big size HeadnShoulders that totally worked, with perfect measured moves, so maybe this could be something longer term.
META STRUCTURE Patience is a skill you must master, we will be waiting for the weak high to be taken out before we can make the decision on what we will be doing next, capital protection is what you must learn also you need capital to fight the war when your playbook presents itself, so for now sit on your hands and wait. do well to like share and follow.
META - Closing Options Contract $$$Buy to Close AUG16 525 PUT @ 0.47
Realized Gains: 6.35-.47 = $5.88 or $588.00 per contract.
With the bulk of the profit already realized there is no sense in being greedy for the last 7% of the contract. Take the money and run!
Real money.... Real Trades not just selling signals and not having an account large enough to take the trades some of these FURUS charge money for.
META is heading for a potential price dropMy custom indicator, Confirmator, is flashing warning signs, indicating that META may be on the brink of a significant decline. A key support level is highlighted on the chart, which could determine the next move. Keep an eye on this area and be prepared for possible downside action!
