SNAP has closed above the daily downward trend. A long here on the daily timeframe could give good R:R if risked off all time lows with a target at the weekly volume profile, which coincides with filling in the recent gap.
Note
Entry @ $10.99Note
Current price 13.29 very tempting to sell here at significant resistance but will hold for our target.Note
Touchdown on take profit. Did not execute take profit (sadly!) but thats ok. Thing is I think chances are low we can get above 15.00 so I should have stuck with that take profit. Simply did not have the limit order in. Didn't see alarm in time.Note
today's lesson: set your limit ordersNote
Note
H&S on the 1 hour timeframe shows a hourly close and daily close below the trendline (no lower low/orange line): Trade closed: stop reached
Wow finally got out of this at 11.12What a ride. Set your limit orders, folks!! I had money tied up in this for 10 months!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.