SNBL PROBABLY IN WAVE ' Z ' OF B or CThis is in continuation of our ongoing tracking of SNBL wave structure, prices have broken above the 22.50 level indicating one more leg upwards.
Currently the price is unfolding as wave Z which will target 26 - 28.50 zone, however the prices should decline towards the 20.70 - 19.80 level (buy zone) before rising again.
If the prices go below the 18.60 level, it will significantly weaken this wave count. we will only activate this trade if price reach our buy zone.
If the wave count is correct then this trade will provide us minimum 25.60% gross gain.
Trade Setup:
Entry level: 20.70 - 19.80
Stop loss: 18.59
Target: 26 - 28.50
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
