META - Massive H&S BreakdownMeta Platforms Inc Class ABATS:METAVIAQUANTMeta is seeing its first major flush after breaking down from a Head and Shoulders pattern on the 3-day chart which is a structure that has been building for months. This pattern is validated by several key factors. There is a clear ascending neckline marked by the solid white trendline, and both the left and right shoulders peaked at the same price level (red arrows). No matter how you draw the neckline, whether using the solid or dotted white trendline, price has decisively broken down and is heading toward lower levels. In addition to the pattern breakdown, the RSI is now beginning to fulfill the bearish divergence that printed so long ago (consecutive higher highs in price paired with consecutive lower highs on the RSI). This divergence has been building for months and is now confirming what the structure has been signaling all along. It is worth noting that I began outlining weakness in Meta over eight months ago when price was still trading around $750. While price did push slightly higher to around $800 to form the head of this pattern, the bearish divergence continued to develop throughout. That original idea can be found here: I highly recommend opening that post and clicking play on the chart a couple of times to see exactly how price action has played out against that analysis. The $744 level became the defining high of 2026. Price printed a daily reversal doji on January 28, 2026 at exactly $744 before this massive downtrend began. This level also marks the formation of the right shoulder in the current Head and Shoulders pattern — a confluence that gives this structure even greater validity. I have two main downside targets outline in this post: Around $420 would be the first target as it is near the pivot low of where the trendline started. The main target would be around the 0.618 and also where the last macro high formed before the breakout. This would put price around $360-$385. I have this level outlined as the "main level" because I would not be surprised to see either a macro local low form here or even the bear market bottom.