📈 META – Weekly Chart Overview
A technical rebound may be starting to form.
Several signals from The Wave system are aligning:
✅ Price in the buy zone
META has retraced into a historically strong demand area, perfectly overlapping with the Wave buy signal zone.
This region has acted as a springboard multiple times in the past.
✅ Undervaluation on higher timeframes
The stock is currently trading near its dynamic trendline support, combined with oversold readings on momentum indicators.
This suggests the correction might be approaching exhaustion.
✅ Momentum turning
The stochastic is bottoming out exactly where previous weekly reversals occurred.
RSI also shows early signs of stabilisation.
🎯 Potential scenario
If buyers step in from this level, META could aim for the upper resistance area marked on the chart, offering an attractive risk-to-reward of 3.3 — a favourable setup for medium-term swing traders.
🛑 Invalidation
A clean break below the SL area would shift the structure and invalidate the bullish setup.
This is a textbook example of waiting for high-probability zones rather than chasing the price, discipline always pays.
A technical rebound may be starting to form.
Several signals from The Wave system are aligning:
✅ Price in the buy zone
META has retraced into a historically strong demand area, perfectly overlapping with the Wave buy signal zone.
This region has acted as a springboard multiple times in the past.
✅ Undervaluation on higher timeframes
The stock is currently trading near its dynamic trendline support, combined with oversold readings on momentum indicators.
This suggests the correction might be approaching exhaustion.
✅ Momentum turning
The stochastic is bottoming out exactly where previous weekly reversals occurred.
RSI also shows early signs of stabilisation.
🎯 Potential scenario
If buyers step in from this level, META could aim for the upper resistance area marked on the chart, offering an attractive risk-to-reward of 3.3 — a favourable setup for medium-term swing traders.
🛑 Invalidation
A clean break below the SL area would shift the structure and invalidate the bullish setup.
This is a textbook example of waiting for high-probability zones rather than chasing the price, discipline always pays.
Mike
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Mike
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.