Meta is looking interesting.
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
Daily log scale
I think there is a nice shorting opportunity setting up.
I will proceed with caution as this stock is in a strong sector and there is strong upside momentum behind this move. Overhead and underneath gaps will likely fill. My path projection to fill these gaps are illustrated in red.
I have no immediate urgency to short this although as the chart suggests it could set-up very soon.
Will update...stay tuned.
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Upon further review of the hourly.... This trade could commence imminently...
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Updated wave labeling..
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Are you willing to play these odds?