Top 5 Weekly Trade Ideas #5 - META Broadening Wedge
Here's a broadening wedge on the 1hr. I have posted about the previous supply zone I expect to flip to demand starting around $544.45, also a previous ATH and there's a gap in the area. Ideally it would move down into demand and tap the lower trendline at the same time. I think anywhere in the $540 - $545 area would be a good spot to long with a stop below $540.
That would be ideal, but it might not play out that way if we gap up tomorrow or don't drop any this week. First upside target would be around $573 and then up to the upper trend line near ATH for the final target.
That would be ideal, but it might not play out that way if we gap up tomorrow or don't drop any this week. First upside target would be around $573 and then up to the upper trend line near ATH for the final target.
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ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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