Meta is at a pivotal level; repeated tests of the descending trend line have weakened it, resulting in a 50/50 probability for the next move.
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Verified InvestingPublished Sep 15 · 1 passage
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Meta Meta is at a pivotal level today. Look at this descending trend line from September of 2025 through this high in January 2026, July 2026 to this recent high just yesterday.
Are we going to break out here? Maybe. Am I shorting it here? No. I don't short after we hit a trend line too many times. One, two, three, four times. It's weakened the trend line.
It doesn't mean it's going to break out. What it means is it's more of a gamble. In other words, 50/50 chance.
What this channel has said about $META
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2026-09-15This one
Meta Meta is at a pivotal level today. Look at this descending trend line from September of 2025 through this high in January 2026, July 2026 to this recent high just yesterday. Are we going to break out here? Maybe. Am I shorting it here? No. I don't short after we hit a trend line too many times. One, two, three, four times. It's weakened the trend line. It doesn't mean it's going to break out. What it means is it's more of a gamble. In other words, 50/50 chance.
2026-09-14
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.
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