Scenario A (Base Case)
Support bounce: Price held at ~$214.87, then nearly filled a gap.
Next leg up: Target $228.87—likely to gap-fill, wick, then reverse.
Retrace path: After that, expect another pullback to $214.87, then deeper fill down to $201.95—that’s a big move if triggered.
Scenario B (Bull Break)
Key breakout: If SNOW breaks above $228.87 decisively, look for continuation to $237.78, and potentially rally back into the $252 range.
Scenario C (No-Trade Zone)
If price just drifts sideways in chop—we sit out. Trading in no-man’s land gives poor risk/reward and gets you whipsawed.
Strategy
Base case (A): SNOW bounced at ~$214.87, filled up near $228.87, likely wick and fall. If that happens, look for re-entry shorts targeting $214.87 and deeper to $201.95.
Bullish flip (B): A clean break and hold above $228.87 opens pathway to $237.78 and potentially retest into the low $250s.
Chop (C): Sideways 30-minute to 1-hour movement? No edge—stay light, stay patient.
Why Each Move Matters
$214.87 = proven bounce zone, sets the stage.
$228.87 = gap-fill and area where momentum—or rejection—gives clue.
$201.95 = deep gap fill, big structural play if price falls fast.
$237.78 / $252s = next resistance cluster if bullish scenario runs.
Support bounce: Price held at ~$214.87, then nearly filled a gap.
Next leg up: Target $228.87—likely to gap-fill, wick, then reverse.
Retrace path: After that, expect another pullback to $214.87, then deeper fill down to $201.95—that’s a big move if triggered.
Scenario B (Bull Break)
Key breakout: If SNOW breaks above $228.87 decisively, look for continuation to $237.78, and potentially rally back into the $252 range.
Scenario C (No-Trade Zone)
If price just drifts sideways in chop—we sit out. Trading in no-man’s land gives poor risk/reward and gets you whipsawed.
Strategy
Base case (A): SNOW bounced at ~$214.87, filled up near $228.87, likely wick and fall. If that happens, look for re-entry shorts targeting $214.87 and deeper to $201.95.
Bullish flip (B): A clean break and hold above $228.87 opens pathway to $237.78 and potentially retest into the low $250s.
Chop (C): Sideways 30-minute to 1-hour movement? No edge—stay light, stay patient.
Why Each Move Matters
$214.87 = proven bounce zone, sets the stage.
$228.87 = gap-fill and area where momentum—or rejection—gives clue.
$201.95 = deep gap fill, big structural play if price falls fast.
$237.78 / $252s = next resistance cluster if bullish scenario runs.
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.
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.