source avatarTrader Steve

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$META beat on revenue and guidance, and I still don't want to chase the after-hours pop. Bias: long. I'm waiting for the gap to partially fill into a discount zone below, not buying the open. The catch: if the gap holds, I simply don't get filled. The stock pulled back hard from its recent high, then stabilized at a 38.2% retracement. After-hours earnings gains were already half given back. Why long: - Daily, 12h and 4h moving averages are all stacked bullish. - The pullback stopped where the 38.2% retracement meets the daily 50 EMA. - A 1h bullish divergence shows selling exhausting in the same zone. Three reads on one area is the point. ICT view: the 12h and 4h broke structure lower, but the daily trend is still up. Sell-side liquidity sits just under the recent swing low, overlapping the daily 50 EMA and the lower 4h Bollinger band. That's a discount zone where the higher-timeframe trend and a liquidity sweep point the same way. I'm wrong if price breaks below the swing low, the daily 50 EMA and the lower band together. The floor failed. Risks: a gap-up open may never come back to my zone. FOMC plus MSFT, GOOGL and AMZN earnings land next week. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.

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