SNAP pulled back into the 0.618–0.786 Fib zone and tapped the 200 EMA before bouncing. We now see price reclaiming above the short EMAs (8/21), signaling early reversal momentum.
✅ Entry trigger: Close above the 200 EMA
🎯 Targets: Fib 1.0, 1.272, and 1.618
⛔ Stop: Just below the recent swing low (0 Fib)
This fits my playbook setup — early reversal long @ 200 EMA with Fib confluence. Definitely worth watching as a potential swing setup.
✅ Entry trigger: Close above the 200 EMA
🎯 Targets: Fib 1.0, 1.272, and 1.618
⛔ Stop: Just below the recent swing low (0 Fib)
This fits my playbook setup — early reversal long @ 200 EMA with Fib confluence. Definitely worth watching as a potential swing setup.
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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.