META - Reversal Strategy Long Setup

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META - Reversal Strategy Long SetupMeta Platforms Inc Class ABATS:METAflukefluke_🍀Overview I am not a discretionary technical analyst, so I rely on predefined setups rather than subjective chart analysis. I built the rules into a strategy to make the decision-making process more systematic. This setup occurred before I developed the strategy. I am documenting it retrospectively and will continue to follow the trade until the strategy or I exit the position. 🍀Process Ticker: META Date: 31/03/2026 Timeframe: Daily Direction: Long Strategy: Reversal Strategy Strategy Overview: Overview: A Reversal Strategy for Trading on the Daily Timeframe Strategy Chart: Please refer to the 2nd screenshot Signals Main signal: RSI crossed above 30, indicating an exit from the oversold zone. This contributed a score of 0.5 Confirmation signal: The NATR Oscillator reached 82.12, exceeding the required threshold of 80. This contributed a score of 0.5 Signal Scoring Long setup score = main signal score + confirmation signal score = 0.5 + 0.5 = 1.0 Long score threshold: 1.0 The long setup score met the required threshold. The strategy therefore placed a long bracket order. Risk Management Reward-to-risk ratio: 4:1 Entry: 572.13 (the close of the setup candle) Stop distance: 78.80 (approximately 4x daily ATR) Target distance: 315.21 (approximately 16x daily ATR) Order Management: Bracket order Limit entry: 572.13 Market stop: 493.33 Limit target: 887.34 Baseline Assume the worst has already happened: the stop loss has been reached. 🍀Outcome Trade Execution 31/03/2026: The daily candle closed, triggering the strategy to place a long bracket order. 02/04/2026: Price reached the trigger level, and the long entry filled. Trade Status Trading: active Stay lucky!🍀