Snap Inc.Short
SNAP Long Term Supply and Demand Analysis
WK Supply drawn in a previous post was triggered for a short and played out perfectly.
Price is now printing all time lows, down trends on the 3M/MN and WK time frames.
New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts at all time lows!
There is nothing on any chart that would make me think about going long.
Price is now printing all time lows, down trends on the 3M/MN and WK time frames.
New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts at all time lows!
There is nothing on any chart that would make me think about going long.
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