META Weekly Analysis!
Inverted Head and Shoulders Pattern Formation in META!
Trend Reversal in META!
META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders pattern is a Trend Reversal Pattern. Now we can see a strong bullish momentum. The important upside levels are marked on the chart so please have a look on it and one more important thing is we can set a stop loss below the neckline.
Thank You!
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
Inverted Head and Shoulders Pattern Formation in META!
Trend Reversal in META!
META was in a clear downtrend. After it has made a Inverted Head and Shoulders pattern on a weekly timeframe. It has given a breakout to it's neckline and retested it so it can be act like a next support level which i've extended. Inverted Head and Shoulders pattern is a Trend Reversal Pattern. Now we can see a strong bullish momentum. The important upside levels are marked on the chart so please have a look on it and one more important thing is we can set a stop loss below the neckline.
Thank You!
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
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Target 1 Reached!
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All the targets have been reached successfully!
Avinash K.
