This is an update from my count! As it hasn't made a new high (break above 0.5 fib), i still strongly believe in this count (which also hasn't broken any of Elliott's rules yet!). From an indicator point as well, we can also see that the MACD
has crossed bearish! Historically at high levels like these on the MACD
, this is very bad for snapchat. Very good opportunity to make a killing off of this downtrend.