jthrasher

Snapchat potential short setup.

Short
NYSE:SNAP   Snap Inc
High timeframe so this could take several months to even get back to the gap fill but very nice high RR on this if it comes to daddy. Classic bearish island top into potential H&S as per Edwards/Magee.
Comment: Heikin-Ashi's show a clean 5 wave impulse off the top with a daily bull div at the moment. Probably good for a bounce if ya want to play it both ways. I'll wait for the high r/r 50-62%