META forming a bear flag; if price breaks below the Sept 28 low pivot, near-term support is $690 and $668.

All right, next up we've got Meta. Now, Meta, this is interesting, guys. Now, we did have a robust explosion blowout here on Meta getting and gaining access back to this inclining parallel channel. a huge move on it. And since this is one major reason, guys, ingrain this, burn this in your brain. All right, don't chase big runners. All right, whenever you have big runners, they are going to run out of steam and they are going to pull back down on the charts. It's just inevitable. Gravity wins for huge moves up and then technical bounces win for huge moves down. You know, we're just looking at that on CW and RTX. They're due for bounces, much like this was due for profit taking. So now we're forming a bare flag. So where can price go if it's going to start declining? I cleanly see, look at all of these pivots right before we broke out. Look at all these pivots right here in this 685 up to the 692 range. Then you go back further on the chart and then look, you've got these low pivots here, too. Those are some of my most favorite scenarios on charts when you can have a place on the chart. You can draw a trend line across horizontally and price action acts as support when it's coming from above and then when it comes from below like over here it's resistance and much like over here too didn't quite get as high to hit it but needless to say we already know and we saw it here that this area 690 is resistance now coming from above it likely will be support and one of the best parts about this if you do decide to play meta long in this location you've got a secondary backup for an ad with the bottom of this parallel channel at $668. So, first level here 690. Then at 668, you got two decent levels of support, all very close to each other with Meta confirming a break back inside that parallel channel. Tells me this is likely the target, the support zone for Meta in the near term should this selling pressure push price underneath this low pivot here on September 28th.