This is my market checklist for any play. I donโt have a favorite ticker (๐ $AMZN/ $AA lol) . My niche is the chart itself. I trade many names, but every setup must pass this checklist ๐
โ Monthly sets bias, Weekly approves it
โ Daily & 4h build the entry
โ Elliott Wave agrees with 9/21/50 EMAs, S/D zones & liquidity
โ Neal ALGO + flow + volume confirm trigger
โ Profit & loss based on stock levels, never option price
If it doesnโt fit my chart niche, I skip it
3-day getaway starts now. ๐ป๐ฌ๐ฅCharts closed. Brain off. Cigar lit. Drinks poured. If the market crashes, blame the bears. If moons, you're welcome.See you degenerates in 3 days. ๐๐ป๐๏ธ
$META is one of the names I'm stalking for a long-term position, but personally I don't think it is ready yet. Looking at the higher timeframe, the structure still looks corrective rather than impulsive. To me, this resembles a Grand Cycle Wave 4 that is still searching for a final low before the next major expansion can begin.
The reason I'm not rushing in is simple:
โข The correction doesn't feel fully mature yet.
โข Price is still trading below major resistance.
โข The current bounce looks more like a reaction inside a correction than the start of a new impulse.
โข Momentum has not fully reset on the higher timeframes.
One can make the argument that Wave 4 is forming an Flat. If that's the case, META may need one more sweep or retest of the $540 area before it's truly ready. That would be a classic liquidity grab where everyone becomes bearish right before the next leg higher begins.
The zone I'm watching closely is $540-$525. That's where monthly demand, structure, and retracement levels start lining up. If buyers step in aggressively there, that's where I'll become interested in building a long-term position.
My risk is very straightforward:
โข Stop below $440
โข Long-term target around $1,300+
Could I be wrong? Absolutely.
The market doesn't owe us perfect Elliott Waves, and META could rip tomorrow without ever touching my zone. But from a probability standpoint, I would rather miss the first part of the move and wait for confirmation than force an entry while the correction still appears unfinished.
For now, I'm simply watching, letting the structure develop, and waiting for the market to prove that Wave 4 is complete before committing meaningful capital.
Update on $BTCUSD
I was expecting BTC to break above 82K and continue the expansion higher, but unfortunately that never materialized. Instead, the monthly candle closed bearish and printed a bearish BX cycle signal, which is not something bulls wanted to see. At this point, the cleanest resolution I can see is a flat structure. That would likely involve a deeper liquidity sweep toward the 48.7K region before finding a major bottom.
Ironically, that kind of flush would be extremely bullish longer term. Markets often need to punish late longs, sweep liquidity, and reset sentiment before the next major expansion phase begins.For now, I'm staying patient and letting the structure tell the story. Could I be wrong? Absolutely. But until bullish patterns start showing up on the higher timeframes, I think caution is warranted.
The biggest opportunities are usually born from the most uncomfortable pullbacks.
$META is one of the names I'm stalking for a long-term position, but personally I don't think it is ready yet. Looking at the higher timeframe, the structure still looks corrective rather than impulsive. To me, this resembles a Grand Cycle Wave 4 that is still searching for a final low before the next major expansion can begin.
The reason I'm not rushing in is simple:
โข The correction doesn't feel fully mature yet.
โข Price is still trading below major resistance.
โข The current bounce looks more like a reaction inside a correction than the start of a new impulse.
โข Momentum has not fully reset on the higher timeframes.
One can make the argument that Wave 4 is forming an Flat. If that's the case, META may need one more sweep or retest of the $540 area before it's truly ready. That would be a classic liquidity grab where everyone becomes bearish right before the next leg higher begins.
The zone I'm watching closely is $540-$525. That's where monthly demand, structure, and retracement levels start lining up. If buyers step in aggressively there, that's where I'll become interested in building a long-term position.
My risk is very straightforward:
โข Stop below $440
โข Long-term target around $1,300+
Could I be wrong? Absolutely.
The market doesn't owe us perfect Elliott Waves, and META could rip tomorrow without ever touching my zone. But from a probability standpoint, I would rather miss the first part of the move and wait for confirmation than force an entry while the correction still appears unfinished.
For now, I'm simply watching, letting the structure develop, and waiting for the market to prove that Wave 4 is complete before committing meaningful capital.