On the daily chart, a global corrective trend is forming, with the price holding slightly below the support line of a broadening formation pattern, whose dynamic boundaries are located in the 800.00–620.00 range.
On the H4 timeframe, quotes have nearly reached the previous trend low around 600.00 and are now preparing for a potential extension of the bearish impulse, correcting within a local downward wave from the former support area near 620.00. However, if the price manages to regain a foothold above 630.00, the upward move may shift back into a corrective phase, opening the way toward the 680.00 target.
Technical indicators have not yet reversed and continue to generate a stable sell signal: fast EMAs on the Alligator indicator remain below the signal line and diverge, while the Awesome Oscillator histogram forms new corrective bars below the zero line.
Trading scenarios and Meta Platforms forecast
Short positions can be considered after a confirmed break below 588.00, with a target at 530.00. Stop-loss — 610.00. Expected timeframe: 7 days or more.
Long positions can be considered after a confirmed breakout above 631.00, with a target at 684.00. Stop-loss — 610.00.
Scenario
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry point | 587.95 |
| Take Profit | 530.00 |
| Stop Loss | 610.00 |
| Key levels | 530.00, 588.00, 631.00, 684.00 |
Alternative scenario
| Recommendation | BUY STOP |
| Entry point | 631.05 |
| Take Profit | 684.00 |
| Stop Loss | 610.00 |
| Key levels | 530.00, 588.00, 631.00, 684.00 |
