Been a nice ride but this expanded flat correction looks about to be done. A measured move of the previous leg up ends this one around 225, which happens to be massive resistance at the top end of a previous multiyear consolidation zone. We're already seeing an ending diagonal form on the hourly which is expected as a wave C in an expanded flat.
In my previous post to go long I mentioned the 100 month moving average as lining up perfectly w/ a trendline and Gann angle that has been a decade long support line. This line also runs along the 50% retrace of the multiyear consolidation zone which typically is strong support as well. I don't think the Meta correction ends until it hits this support where buyers should back up the truck.
In my previous post to go long I mentioned the 100 month moving average as lining up perfectly w/ a trendline and Gann angle that has been a decade long support line. This line also runs along the 50% retrace of the multiyear consolidation zone which typically is strong support as well. I don't think the Meta correction ends until it hits this support where buyers should back up the truck.
