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Indices Updates by Solid ECN
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[QUOTE="Solid ECN, post: 207241, member: 83167"] [JUSTIFY][img]https://i.ibb.co/Tvjrp0Q/snap-forum-2.png[/img] The shares of Snap Inc, the US company that owns the Snapchat messenger, are trading at 32. On the daily chart of the asset, a global downtrend continues to form, at the lows of which the price is clamped inside the Triangle pattern. There is not much time left before the figure's implementation, and if the quotes break the February low of 28, the downward scenario will receive the necessary confirmation. [img]https://i.ibb.co/ZBTRBg4/snap.png[/img] The four-hour chart shows that a full-fledged correction has not yet begun, as the instrument has not consolidated above the initial Fibonacci 23.6% correction level of 41. At the moment, the upward dynamics seem unlikely since technical indicators confirm the increased activity of the "bears": fast EMAs on the Alligator indicator crossed the signal line downwards, and the AO oscillator histogram consolidated below the transition level, continuing to form downward bars.[/JUSTIFY] [/QUOTE]
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