$META-bolic move to the downside!

2022年8月18日

🔸️Ticker Symbol: META🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Strategy: Short

TECHNICAL ANALYSIS: We have seen a 4 week rally in the markets and due for a pullback... looking at META, price is currently overextended into our regression channel, and money momentum in our red band indicating a pullback. Play the trend, as the likelihood of a continuation is high. The next major level of support is $168, equating to a -$8 move on META. Take advantage of this massive move lower in the next week. Money momentum shifting lower, we have a key EMA crossover, and a major rejection on the upper linear regression channel.

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