META – Technical Analysis (15m SMC) Nov 11Meta Platforms, Inc.BATS:METABullBearInsightsMETA is still in a controlled downtrend channel, but you now have a clean sequence of BOS → CHoCH → retest, showing early signs of a shift. Price is coiling under the short-term trendline and getting ready for a breakout decision. Market Structure 1. BOS (Break of Structure) – Bearish Multiple BOS levels printed on the downside at: * ~624 * ~621 This confirmed a continuation of the downtrend earlier in the session. 2. CHoCH – Bullish A clean CHoCH printed at ~629, showing buyers stepping in for the first time after the morning sell. This is the FIRST early signal that the selling pressure is weakening. 3. Compression Triangle Forming Price is now tightening between: * Lower support: 623–625 * Upper descending trendline: 628–629 When you see SMC compressions like this, the breakout direction sets the next 10–15 point move. Key Levels From Your Chart Upside Levels * 628.00 → First breakout trigger * 631.76 → Bull confirmation level * 635.00 → Major overhead supply * 648.24 → Higher-timeframe resistance Downside Levels * 623.23 → Weak support (already tested multiple times) * 619.40 → Clean demand base * 604–607 zone → Big SMC demand block (strongest support on your chart) Indicator Read (Based on Your Setup) MACD * Momentum curling up * Light blue histogram building * Showing early bullish divergence from price This supports a short-term reversal attempt. Stoch RSI * Currently very high (93–95) * This means: If price doesn’t break the trendline now, you normally see a pullback before the next attempt. So the breakout must happen soon, or the price dips back to reload. Scenarios Bullish Scenario META must: * Break above the 628 level * Break and close above your descending trendline * Hold over 629 If this happens: Targets: * 631.76 * 635.00 * Extended → 640+ This matches your SMC CHoCH area and order block above. ▶ This is the cleaner long setup. Bearish Scenario META turns bearish only if: * It fails breakout at the trendline * Loses 623.23 again * Breaks structure below 619.40 Targets: * 615 * 612 * Strong bounce area → 604–607 (your green demand zone) ▶ This is the continuation of the downtrend channel. My Thought META is showing early reversal signs (CHoCH + MACD momentum + compression). But it needs a clean breakout above 628–629 for confirmation. If it breaks, the next leg toward 631–635 is very possible. If it fails at the trendline again, expect a pullback into 623 → 619, where buyers will try again.