META breakout retest, coinciding with the daily upper Bollinger Band, may provide a good entry long.Trade closed: target reached
The breakout retest held the following two mornings and provided a move back into the upper daily 100 linear regression channel with wonderful reward to risk. The fourth breakout retest failed, which is typical of levels being retested multiple times. Levels tend to hold for the first few retests, but after three tests, it becomes more likely to fail.
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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.