📈 Scenario Outlook:
Bias: Bearish
Primary Expectation: Price is currently in a corrective decline and is expected to continue toward the 676.67 CHoCH level.
Bearish confirmation was seen upon rejection from the 713.20 mid-level, with price now printing lower highs and lower lows on the 4H chart.
This move may ultimately form a larger distribution pattern on the daily timeframe.
📌 Key Zones ("Your Borders"):
🔴 Mid-Supply Rejection Zone (Resistance)
Level: ~713.20 (50% equilibrium of last bearish swing)
This level acted as the midpoint during the retracement following the initial selloff from the top.
The market respected this region as a mid-range rejection, further reinforcing bearish momentum.
Failure to reclaim this level confirms bearish dominance in the short-to-medium term.
⚪ Target Zone / CHoCH Demand Test
Zone: 676.67 (CHoCH)
This is your projected draw on liquidity and primary downside target. It marks a structurally significant low where prior bullish order flow initiated.
If this level fails to hold, META may shift into a broader corrective phase, potentially unwinding a large portion of the prior rally.
Bias: Bearish
Primary Expectation: Price is currently in a corrective decline and is expected to continue toward the 676.67 CHoCH level.
Bearish confirmation was seen upon rejection from the 713.20 mid-level, with price now printing lower highs and lower lows on the 4H chart.
This move may ultimately form a larger distribution pattern on the daily timeframe.
📌 Key Zones ("Your Borders"):
🔴 Mid-Supply Rejection Zone (Resistance)
Level: ~713.20 (50% equilibrium of last bearish swing)
This level acted as the midpoint during the retracement following the initial selloff from the top.
The market respected this region as a mid-range rejection, further reinforcing bearish momentum.
Failure to reclaim this level confirms bearish dominance in the short-to-medium term.
⚪ Target Zone / CHoCH Demand Test
Zone: 676.67 (CHoCH)
This is your projected draw on liquidity and primary downside target. It marks a structurally significant low where prior bullish order flow initiated.
If this level fails to hold, META may shift into a broader corrective phase, potentially unwinding a large portion of the prior rally.
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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.
Looking for powerful AI trading signals? Visit ProSignal.ai and take your trading to the next level! or join our telegram channel at t.me/prosignalai
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.