META has been trading within an upward channel for two months already. It has made a series of higher lows and higher highs for some time already.
Over the last 15 days META has basically been consolidating under the -0.236 fib extension or the $288 price level. We have had four clear rejections at this price level at $288. Price is getting tight on META around this area and we can expect a pop or drop very soon this week.
We now have a beautiful chart and triangle formation on the hourly on META. On a break below $284 target the demand zone at $277. On a break above this supply zone or $289.75, target $300 and then the 0.618 fib extension level.
Over the last 15 days META has basically been consolidating under the -0.236 fib extension or the $288 price level. We have had four clear rejections at this price level at $288. Price is getting tight on META around this area and we can expect a pop or drop very soon this week.
We now have a beautiful chart and triangle formation on the hourly on META. On a break below $284 target the demand zone at $277. On a break above this supply zone or $289.75, target $300 and then the 0.618 fib extension level.