Description:
Meta (META) has been consolidating within a textbook falling wedge pattern, now showing signs of a potential breakout and bullish continuation.
Price Action Highlights:
Multiple rejections near 748 resistance
Recent bounce off the high-volume node on the VRVP with a hammer candlestick pattern
Holding above the 50-day moving average
RSI showing signs of reversal, approaching a key trendline breakout
Bullish Signal Criteria:
A breakout above the 720–725 range confirms wedge breakout
Watch for volume expansion to validate the move
Targets:
PT1: 748
PT2: 787
PT3: 840
Invalidation Level:
Close below 689.50 invalidates the setup
This setup offers a clear structure for continuation with well-defined risk levels and upside potential. Monitoring volume and RSI confirmation will be critical in the coming sessions.
Meta (META) has been consolidating within a textbook falling wedge pattern, now showing signs of a potential breakout and bullish continuation.
Price Action Highlights:
Multiple rejections near 748 resistance
Recent bounce off the high-volume node on the VRVP with a hammer candlestick pattern
Holding above the 50-day moving average
RSI showing signs of reversal, approaching a key trendline breakout
Bullish Signal Criteria:
A breakout above the 720–725 range confirms wedge breakout
Watch for volume expansion to validate the move
Targets:
PT1: 748
PT2: 787
PT3: 840
Invalidation Level:
Close below 689.50 invalidates the setup
This setup offers a clear structure for continuation with well-defined risk levels and upside potential. Monitoring volume and RSI confirmation will be critical in the coming sessions.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。