Top 5 Weekly Trade Ideas #5 - META Broadening Wedge

4 hari yang lalu

Here's a broadening wedge on the 1hr. I have posted about the previous supply zone I expect to flip to demand starting around $544.45, also a previous ATH and there's a gap in the area. Ideally it would move down into demand and tap the lower trendline at the same time. I think anywhere in the $540 - $545 area would be a good spot to long with a stop below $540.

That would be ideal, but it might not play out that way if we gap up tomorrow or don't drop any this week. First upside target would be around $573 and then up to the upper trend line near ATH for the final target.