Could META Be Setting Up for a Sharp Reversal?

The Meta Platforms (META) chart just printed a textbook bull exhaustion. If you’re looking for high-flying tech stocks that may be due for a breather, this might be one of them.

🔎 Chart Breakdown (9W Time Frame):
Current Price: ~$510

Jan ‘25 High: $740.91

Bearish Targets:

🎯 Zone 1: $340.01 (61.8% Fib retracement)

🎯 Zone 2: $230.27

🧱 Sept ‘22 Low: $88.09 (extreme long-term support)

Technical Structure:
META saw a near uninterrupted bull run from late 2022 through early 2025

The current candle broke structure with a clear momentum shift

This looks like a repeat pattern from previous highs, signaling a potential reversal

The chart shows two key demand blocks where price could look to stabilize after correction

🚨 My Take:
META is showing the same vertical climb structure we saw on Netflix before the pullback. When growth stocks run this far, this fast, a correction is not only expected — it's healthy.

I’m not saying it’s crashing to the bottom, but a retracement to $340–230 zones makes sense based on historical price action. If you're in this for the long haul, these levels may offer better re-entry opportunities.

📌 Not financial advice — just a trader’s eye on macro structure.