Top 5 Weekly Trade Ideas #5 - META Ascending Channel

META closed in the middle of its channel, so nothing to trade right away. The best setup I see here is shorting if it tests ATH and the top end of the channel at the same time. Could make for a good long if it breaks out for another new ATH.

You could also long at the bottom end of the channel, but I'd rather wait for a break below and retest to enter short targeting $562 first and then the previous ATH/gap fill around 540.