Meta needs to close above $663 to confirm a near-term breakout; otherwise it remains rejected by resistance.

Next up into Meta. Meta also trying to get a potential near-term breakout underway. Now let's rewind the clock to see and understand where we're at on this chart. We had Meta mainly contained in this inclining parallel since December of 2023.

We've had price break this range in March of this year and really tried to get back in, got rejected, tried to get back in, got rejected. Now we're making the third attempt to try to get back in and we are met with a lot of resistance derived from this declining trend line.

You see here on the chart back from September 18th connected over to major pivot here, the next major pivot uh back on July 15th. And you can see price over the last three days has moved up into that line and gotten rejected.

Moved up into that line, gotten rejected. Today so far has some staying power.

Now for the bulls, you want to see price close above $663. If it can do that, then we would be putting in a daily close above this candle with the opportunity to continue higher tomorrow and secure this near-term breakout.

If we're able to do that, look at what can occur. Because you see here the last three trading days we didn't secure and confirm into the parallel. We had one day in then the next two were outside to the bottom.

If we have uh two consecutive pushes higher and inside the parallel and above this declining trend line any pullbacks will be uh caught by this cradle of support like an X marks the spot right here at $658.75.

So, you want to see if you're bull on Meta, get a couple more days put together, pushing higher, which could create a fantastic buying opportunity in the near term.