Meta Doomed or a Great Buy

I saw the twin inverted hammers on Meta yesterday and it gave me pause because that's sometimes a reversal candle, but then I see a similar (though not fully formed) candle on the S&P 500 Index, and if that one is correct, it's also a reversal signal but for the rally. With Meta near 52-week lows (less than a 3 percent drop here on Tuesday morning), I predict a break will be explosive on the downside. I change my mind frequently, but right now I am thinking to play this with weekly puts, every week, until the break occurs. Entries will be timed. My hunch here is big selling across the markets kicks in post-Labor Day.