SNAP or Cover
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
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