2026-06-18 09:54 UTC
Scenario evidence 4 markers Open evidence Close evidence
Price reached a high and failed to sustain, leading to a breakdown.
Evidence The candle on 2026-06-04 shows a high of 642.4, followed by a significant drop.
Temporary support was found at this level before a minor bounce.
Evidence The low on 2026-06-11 was 557.01, which acted as a temporary support.
The latest candle shows strong bearish conviction, breaking below recent support.
Evidence The candle on 2026-06-17 closed significantly lower with a large body and high volume.
High volume confirms the breakdown, indicating strong selling pressure.
Evidence Volume on 2026-06-17 was 20,478,308, significantly above the 20-day average.
Transaction ticket SHORT Open ticket Close ticket
- Entry
- 567.58
- Current
- 567.58
- SL
- 593.00
- TP
- 557.01
META is experiencing a breakdown with strong bearish momentum, confirmed by high volume. The price is likely to test lower support levels.
OPEN SHORT
Initiating a short position due to strong bearish momentum and breakdown confirmation.
Price
567.58
PnL
0.00%
Side
SHORT
Initiating a short position due to strong bearish momentum and breakdown confirmation.
OPEN SHORT
Initiating a short position due to strong bearish momentum and breakdown confirmation.
The latest candle on 2026-06-17 is a strong bearish conviction candle with high volume, confirming a breakdown below recent support levels. This suggests a continuation of the downtrend, making a short position favorable.
Stop loss set above recent resistance level at 593.0. Take profit set at potential support level of 557.01.
- The latest candle on 2026-06-17 is a bearish conviction candle with high volume, confirming the breakdown.
- Strong bearish candle with high volume suggests continuation of the downtrend.
- Breakdown below recent support levels indicates further downside potential.
Monitor for potential support at the 557.01 level or further breakdown.




