SNAP is looking bearish, just completed its head and shoulders pattern right before a gap down in the chart to $10. Looking to breakdown and fill the gap for a 5-7% gain. The weekly chart has a round down pattern forming as well. Risk reward ratio is 1.25:1
Note
This is a short play, not a longTrade closed: target reached
Target reached, sold in premarket at $9.96
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Disclaimer
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.