SNAP failed to break the .5 fib retracement and the upper level of the descending channel. The boost from earnings weren't enough to get it done so I suspect SNAP will fall back down to the lower level of the channel or maybe even break it to fill to open gap. The inflation/Russia conflicts should also be a greater force pulling the general market down. I'll look to add a short position on Tuesday.
This is not financial advice.
This is not financial advice.
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