$META is certainly still fighting to stay up but I am seeing bearish indications.
A break down from the ascending wedge and a rejection at the 200 Day MA on the 1hr chart twice.
I think if this goes below the blue line and a lower low....this could move fast to the downside.
I have the 0.5 Fib at $208, this is the best case scenario for $META, holding here would save this as an impulse wave.
Federico Salerno
2023-09-05 14:58:22 +0000 UTC