META bulls weaken! Pulling back here is an opportunity
META has measured a 0.618 tail, and the bullish momentum has clearly weakened!
On the hourly level, we can see that the low point is at a high, and the neckline has already broken through. The expectation is that there will be a pullback, and it is possible to return to the 0.618 or 0.786 tail. If it slowly comes down and just hits the death line, that would be a higher probability reversal tail.
Of course, this will take a week or two, and we still need to see the company's future performance.
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