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$META Daily Chart: Ascending Triangle – Breakout on the Horizon?
On the META daily chart, we see a classic ascending triangle pattern forming. The price action is tightening, signaling potential bullish momentum as buyers test the upper resistance.
A confirmed breakout above the resistance could open the door for a significant upward move. Keep an eye on volume for confirmation, as this could be a strong signal for continuation to the upside. Targets will be set based on the triangle’s height from the breakout point. I smell $600.
META daily chart, we see a classic ascending triangle pattern forming. The price action is tightening, signaling potential bullish momentum as buyers test the upper resistance. A confirmed breakout above the resistance could open the door for a significant upward move. Keep an eye on volume for confirmation, as this could be a strong signal for continuation to the upside. Targets will be set based on the triangle’s height from the breakout point. I smell $600.
Tracking chart Setups like meteorologist track Storms.
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