META Bullish + Bearish Paths
META was one of my top trade ideas for the week recently and this is a similar setup, but overall it hasn't moved much yet. I'll be watching the 523.20 level along with this descending wedge, it closed right at the top end last week.
If we get a wedge breakout and it reclaims 523.20, I'd look to exit puts and potentially buy calls on a dip. If we get a rejection here instead, I'd expect it to at least hit the bottom end of the wedge, final target for me would be the 492 area.
If we get a wedge breakout and it reclaims 523.20, I'd look to exit puts and potentially buy calls on a dip. If we get a rejection here instead, I'd expect it to at least hit the bottom end of the wedge, final target for me would be the 492 area.
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ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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