SNAP failed to break the resistance. South again? Short

Snap Inc.NYSE

Description

⋅ Oct 19, 2017 4:19 AM

Here we see the failure to break the resistance zone.
In addition, no real pivot is broken to the upside yet.

SNAP produced a nice Sine-Wave (pink).
If you look close, you can see another, little SW within the bigger one.
The center low point of SW's often get washed bevor price starts to move to the other side again.

In combination with the Fork, this leads me to the conclusion, that we have a high potential to see price down at the centerline.

Unfortunately there is no real short signal for now.
If any, the resistance could be the green light to short.
But it's not really enough to me.

So I put SNAP on my watchlist.

P!

Comment

⋅ Oct 23, 2017 7:49 PM

Ooooohhhn the way §8-)(

P!

Trade closed: target reached

⋅ Oct 25, 2017 3:24 PM

Options trade reached my TGT.

TNX SNAP!

P!

Comment

⋅ Nov 8, 2017 4:39 PM

Where's price now ( 2018/11/08)?

Price is always heading toward the Centerline over 80% of time.
Who want's to learn more about ForkTrading? ;-)

P!

Comments

Me_XMan

⋅ Nov 12, 2017 9:55 PM

Where is SNAP going next? $10??

Tr8dingN3rd

⋅ Nov 13, 2017 8:04 AM

Hi @Me_XMan,

Dunno where SNAP will go next :)
I just follow the ForkTrading Rules.

This is the difference between "expectations" or "forecasting", and trading with a method.

When you trade with a method, with rules, then you act upon facts.
There is no guesswork involved.

And this is what makes a trader free.

Hey, why not give my ForkTrading BLUEPRINT a try?
See the link at the bottom of my first post...

Cheers