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.
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.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
You reap what you sow.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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