$META - FACEBOOK - FALLING WEDGE - CAPITULATION where to next?

1 окт. 2022 г.

Still on track.

This chart has been the most requested in DMs for updates.

I believe META will continue its growth in the future as the METAVERSE expands and come out as a front runner in 2023.

For now we can see the declining selling volume.
Clear as day capitulation marked on the charts.
We will have it rough on the markets until the end of the year, I view this as huge OPPERTUNITY. NO FEAR!

META will reduce its workforce for the first time since 2004 and it slashed the budget for its team salary.
Expanding their data center in UTAH.
Switched up their marketplace (more profits from ads from car dealers).
You can share NFTs on Facebook & Insta.
New android Chromium-web view.
New tools for creators.

I did SLIGHTLY (like barley) pivot the lower trend on the falling wedge - with more data printing daily it was necessary and now the line has been tapped multiple times for confidence.

Meta will be one of the top stocks ill be accumulating in my portfolio on the dips. This will be a long term hold for me, I will use options for day and swing trades.
If you do choose options please keep in mind to buy extended time (although more pricey) this chop is algorithmically created to burn Theta out of contracts.

(Full disclosure) If we do get a OCTOBER pump, not going to lie, I will probably sell out and buy the dip continuously afterwards.

NOBODY can predict every top and bottom, this is why the DCA (Dollar Cross Averaging) Method is widely used to ride the waves.

GOODLUCK traders!