📈 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
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mike
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.