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Meta Platforms Finishing Local Trend. META

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Elliott Wave impulse is possibly finished, yet relying on Elliott counts alone comes with unfathomable risk, I looked for a constellation of additional pieces to qualify a short position on the 12H chart.

That is fairly strong bearish price action with lower lows, and indicators are generally bearish or downgoing in the least. More relevantly, RSX left OBOS territory, MIDAS curve has been crossed, and VZO/Ehler's StochRSI have crossed almost in tandem.

Ultimate goal is bottom of A, which an elliotician will recognize to be frequently 0.382 retracement, which interestingly forms a Fib cluster with the supposed fifth wave at 0.786 minor retracement.

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