META continues to trade beneath the descending trendline, maintaining its broader corrective structure. Price has not yet bounced into the 0.5 to 0.618 retracement region. Instead, that zone is the area I am watching for a potential wave 2 bounce.
The ideal scenario would be a relief rally into that Fibonacci confluence, aligning with a rejection from the descending trendline. If price reacts there and shows weakness, it would reinforce the idea that a larger wave 3 to the downside is developing.
The key invalidation level remains near 663. A sustained break above that area would weaken the immediate bearish count and require a reassessment.
If the wave 2 bounce forms as expected and gets rejected, the next impulsive leg lower could target the 1.618 extension near the 577 region, with interim support around 600.
For now, the focus is not on a completed bounce, but on whether price can rally into resistance and confirm rejection. Structure at that zone will determine the next directional move.
The ideal scenario would be a relief rally into that Fibonacci confluence, aligning with a rejection from the descending trendline. If price reacts there and shows weakness, it would reinforce the idea that a larger wave 3 to the downside is developing.
The key invalidation level remains near 663. A sustained break above that area would weaken the immediate bearish count and require a reassessment.
If the wave 2 bounce forms as expected and gets rejected, the next impulsive leg lower could target the 1.618 extension near the 577 region, with interim support around 600.
For now, the focus is not on a completed bounce, but on whether price can rally into resistance and confirm rejection. Structure at that zone will determine the next directional move.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.