META – Falling Wedge Breakout Setup with Strong Risk/Reward

Description:
Meta (META) has been consolidating within a textbook falling wedge pattern, now showing signs of a potential breakout and bullish continuation.

Price Action Highlights:
Multiple rejections near 748 resistance
Recent bounce off the high-volume node on the VRVP with a hammer candlestick pattern
Holding above the 50-day moving average
RSI showing signs of reversal, approaching a key trendline breakout


Bullish Signal Criteria:
A breakout above the 720–725 range confirms wedge breakout
Watch for volume expansion to validate the move

Targets:
PT1: 748
PT2: 787
PT3: 840

Invalidation Level:

Close below 689.50 invalidates the setup

This setup offers a clear structure for continuation with well-defined risk levels and upside potential. Monitoring volume and RSI confirmation will be critical in the coming sessions.