Lottery Ticket … short META in the blue zone area. Give it a few bucks of risk … unbelievable price move.
META – November 20, 2023
Tag: Facebook
Facebook – strong resistance hit
we have 4 aspects of FB that show the ATH to be significant resistance.
two 1.618 extensions, key trend line resistance and a projection from the ATL and while it exceeded .618ab*cd you can see as discussed in this blog it did hit the .68179ab*cd (musical note ratio) so we can see why this level/area was big resistance. I would watch for a close below (weekly close) 250 for a significant pullback to be in place.
