Hi everyone!
Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry.
Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to the breakout point and we get the target price of 670$
Caution: If the price fall back to the triangle, this analysis is not valid anymore.
Pattern: Meta formed an ascending triangle from Jan 2024 up to Sep 2024 where it broke out of the pattern. Currently retesting the breakout level and has potential for long entry.
Price target: The price target for ascending triangle breakout pattern is the measure of the height of the triangle from its base to the resistance line. Add this to the breakout point and we get the target price of 670$
Caution: If the price fall back to the triangle, this analysis is not valid anymore.
Trade closed: target reached
21% in 2 months
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.