SNAP will have its first earnings report this week.
For those of you who are extremely bullish about SNAP, perhaps this potential bearish Bat will interest you.
This is an Aggressive C trading scenario in which you buy point C and expect the price to reach point D (complete the pattern)
Obviously earnings are risky and as you can see this setup requires a wide stop loss - Make sure it fits your analysis AND your risk management rules if you think about trading it.
Also check out my latest newsletter with more trading ideas. #WeeklyMarketsAnalysis on Twitter
For those of you who are extremely bullish about SNAP, perhaps this potential bearish Bat will interest you.
This is an Aggressive C trading scenario in which you buy point C and expect the price to reach point D (complete the pattern)
Obviously earnings are risky and as you can see this setup requires a wide stop loss - Make sure it fits your analysis AND your risk management rules if you think about trading it.
Also check out my latest newsletter with more trading ideas. #WeeklyMarketsAnalysis on Twitter
Comment:
Earnings date is here. Pattern is still valid.