SNAP has hit the BIG AB=CD target @ 13.85, exceeded the harmonic support zone a bit much and is now back at the pattern completion point.
GOOD NEWS = Clear Simple Bullish Divergence is supporting the pattern zone.
BAD NEWS = Time is up. The tolerance of further consolidation should now be limited, as the entire scenario has been "vetted".
Any long positions must realize some immediate progress above $15 for this still to be a worthy opportunity.
Tighten stops, manage aggressively and demand follow through or we will scratch this out @ b/e for a later entry.
GOOD NEWS = Clear Simple Bullish Divergence is supporting the pattern zone.
BAD NEWS = Time is up. The tolerance of further consolidation should now be limited, as the entire scenario has been "vetted".
Any long positions must realize some immediate progress above $15 for this still to be a worthy opportunity.
Tighten stops, manage aggressively and demand follow through or we will scratch this out @ b/e for a later entry.
Scott Carney
HarmonicTrader.com
Founder
HarmonicTrader.com
Founder
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Scott Carney
HarmonicTrader.com
Founder
HarmonicTrader.com
Founder
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.