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On the morning of April 7, 2026, this is what I posted for MPTrader members about my interpretation of the near-term technical setup exhibited by META:My preferred technical scenario for META argues that the stock established a significant near-term low at 520.00 on 3/27/26 that resides within an August 2025 to March 2026, incomplete larger corrective process.
I can’t remember the last time I saw this many heads being scratched as I did yesterday and today. The news is clearly that there is no peace agreement, yet the market has rallied over 2% during that time. In fact, it has rallied almost 3.5% off the overnight low struck on Sunday night, despite the news which was taken as something that should have been very negative for the market.
In my last educational article, I discussed the transition from high- to low-volatility regimes and how difficult it can be to identify those shifts in real time. Along those same lines, I want to address another major challenge traders face: recency bias and the fear of missing out on new trades.This is one of the more difficult aspects of trading psychology; even experienced traders struggle with it, especially after a strong winning streak. To achieve long-term consistency, you must be careful not to let recent results influence your decision-making or allow FOMO to push you into lower-quality setups.
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