SNAP if forming a Double Bottom and also have a strong support zone and also at RSI now oversold.
For everyone that is interested to invest on SNAP in Long or Short term the entry is 13.81$
-For Short term: Exit at 12$ and profit at 20$.
-For Long Term: Exit at 11$ and profit at 28$
This is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are...
After so many days of red we have finally broken out of the rapid down trendline. This could be a DCB - resistance and support marked. No fear with a strict plan.
Ideal target ~16s (upper red down-trend line) to re-assess whether or not it'll break out of the medium-term down trend.
I came up with this based on one of Tim West's publications from today.
It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures.
Check it out, maybe you can come up with other variations of this technique.
Seems like something I'd like to try asap.
Good luck,
Ivan.
