$META flushed below its prior lows in the Nov 5 tech selloff and reclaimed them the same day. I lean long, but I'm not chasing. I'm waiting for a pullback into the area where three separate reads overlap. The catch: the bigger trend is still down. The drop swept stops under a double bottom and left a long daily wick. Volume stayed below the late-October climax, more shakeout than fresh supply. Why the area matters: - Wyckoff: a test of the spring that swept the lows - Elliott: first pullback after a finished five-wave decline - Divergence: the dip after a higher-timeframe bullish divergence Three different logics picking the same spot is the point. Divergence is the featured read. On both the Nasdaq daily and the 12h chart, price made a lower low while RSI made a higher low, and daily MACD histogram improved four bars running. It is still unconfirmed, which is why I want the pullback, not the bounce. Where I'm wrong: a 4h close below the Nov 5 low. That breaks the spring, the wave count and the divergence at once. Risks: tonight's US jobs data can slice through the area fast. Overhead, 4h averages and the share offering zone can cap it. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.