Snap Inc.Short
SNAP - SNAPCHAT
Updated
Today we take a look at Snapchat.
- Price has tapped our 1D Highs as well as HTF Supply.
I am now looking for a corrective move on SNAP - Targets @ 0.7 Fib Retracement + 2.7 Fib Ext | $10-$12
Invalidation = Above here & we can expect this area to flip into Demand paving the path for new highs. For now, we will ride this wave with the bears.
- Price has tapped our 1D Highs as well as HTF Supply.
I am now looking for a corrective move on SNAP - Targets @ 0.7 Fib Retracement + 2.7 Fib Ext | $10-$12
Invalidation = Above here & we can expect this area to flip into Demand paving the path for new highs. For now, we will ride this wave with the bears.
Note
SNAP | UpdateBulls hold here & I am looking for sells around 18.6X
Sticking with the Macro bias. This upside outlook in the short term would correlate to runnings liquidity stops.
On the contrary - Break this low & we are well in route to target.
Trade closed manually
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