alborzam

SNAP about to make a big move down.

Short
NYSE:SNAP   Snap Inc.
Here is my humble opinion on SNAP. I think we have been in a range for a long time and have created enough power to make a big move out of the range. We are going toward the bottom of the range and it is supported by a descending triangle patter. Plus, we have the 20 EMA as a resistance and the EMA has caught up with the price. We have a 4H demand zone around 35 and 28 and neither one are tested yet, so I expect a pull back from those areas.
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