Amazon bubble pop pattern on SNAPThe infamous Amazon bubble pop from 1998-2001 shows a 93% draw down that took roughly 658 days to reach an actual bottom from its previous all time high. Following this same bubble pop on social media stocks- nearly all current social media stocks show the same pattern forming. Putting a bottom in around July of 2023 and a price target between 5 and 6 dollars. Not financial advice, but use your own research to find out a good buying opportunity. Follow and share to get more charts like this. Meta, tesla, and apple soon.
1SI trade ideas
SNAP Potential for Bearish Drop | 28th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP Potential for Bearish Drop | 23rd December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP Potential for Bearish Continuation | 19th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP Potential for Bearish Continuation | 19th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 9.24, where the 61.8% Fibonacci line is. Stop loss will be at 10.15, where the 78.2% Fibonacci line and recent high are. Take profit will be at 7.30, where the previous swing low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP Potential for Bearish Continuation | 15th December 2022Looking at the H4 chart, my overall bias for SNAP is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell limit entry at 9.64, where the previous low is. Stop loss will be at 11.03, where the 61.8% Fibonacci line is. Take profit will be at 8.27, where the -61.8% Fibonacci expansion line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
SNAP DAILY WOLFE WAVEAnother daily wolfe wave setup was triggered post midterms. The chart for SNAP is closing in on a few gaps left open after the earnings debacle. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. The apex and projection target lines can be used to estimate when price and time will meet in the future by extending a vertical line connecting the two points in space. Based on the position of the apex, the price of SNAP is projected to reach $15 or higher (200 day ma) by Dec 29, 2022.
SNAP May be an incredible buy opportunity based on Market PhasesSnap Inc (SNAP) hit new lows last Friday, completing a disastrous -90% drop from its All Time High (ATH). The stock market fundamentals couldn't be more negative and is the reason why the majority of the market is expecting the price to drop even more. Few are thinking to enter Snap here and who can blame them?
However based on Dr. Jean-Paul Rodrigue's infamous Market Cycle Phases, the stock may be an incredible buy opportunity on the long-term as it appears to be trading in 'Despair' territory, below its mean and at the end of its 'Blow off Phase'. The Public and Dumb Money started entering during the Mania Phase, which is dominated by Enthusiasm, Greed and Delusion. The 2022 drop has spread fear, the price capitulated and all that is left now is to reverse on investors' despair and return to the mean.
Does it look like a solid long-term buy opportunity to you?
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Trade it ๐คก or leave itHello everyone,๐๐พ
Here again Rom with a new trading idea,
After each report of results in the last quarter, the NYSE:SNAP started with a "gap down" and rose between 14 and 29%.
This time the same thing happened.
Do we expect an increase of about 14 to 30%?
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There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
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SNAP 9/29/2022SNAP
Daily chart Analysis
Snapped!
Last year Sept.โ21, SNAP topped at 83.00
Fast forward to Sept.โ22, price is sitting at 10.19! -87.72% drop.
All the Covid gains lost and then some.
SNAP is currently in a downtrend under both the 200 and 50 EMAs
So far when its consolidated, its respected the 50ema.
Once price was done consolidating and breaks out to continue it downtrend, the moves are strong and violent respecting the 20ema.
Between Mayโ22 thru Julโ22, price consolidated above support area of 12.75.
It violently broke thru support on a -40% drop.
After the drop, price found support at 10.00 area and bounced. It has now bounced twice off previous support area at 12.75 to turn previous support to Resistance.
We now have what looks to be a Double top pattern with neckline support at 10.00. We need break of Neckline to confirm pattern.
At neckline support, we have the build-up of several small daily candlesticks. These small candlesticks represent little momentum. When the momentum expands, the candle sticks will increase in size and break thru neckline support.
The build-up is also under the 20ema, which was the EMA price has resected when breaking out and continuing Downtrend.
If price does not break above the 20 ema, the bounce off 20ema will provide the pressure we need to expand momentum.
The build-up represents a great place to enter trade short. Expecting price to reach pre-covid bottom price of 8.00
Entering trade short.
Entry: 10.19
Stop loss: 11.34 or close above 20ema
Target: 8.10, +20.51, 1.82 RR rato
Gotta thanks to the lord Jesus Christ
Earnings watch 10/20Earnings watch 10/20
NUE
SAM
NOK
FCX
CSX
PM
AAL
WHR
T
SNAP
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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