Double Bearish Harmonics on SNAP (3H Timeframe)
🔍 Overview:
Exciting setup on SNAP with two bearish harmonic patterns: Butterfly and Anti-Cypher. This double confirmation strengthens the bearish outlook! 📉 The RVOLD average is supporting the downward move, increasing alongside the red candles. 📊
📉 Chart Analysis:
1️⃣ The Butterfly and Anti-Cypher patterns are indicating potential reversals, with strong resistance around the $17.34 level.
2️⃣ The increasing RVOLD average supports the bearish sentiment, suggesting more sellers are stepping in. 📈
🎯 Trade Setup:
Entry Point: Look for confirmations as the price approaches resistance.
Target 1: $16.31 💰
Target 2: $16.19 💸
Stop Loss: $17.34 🚨
📝 Why I'm Interested:
These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade.
📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻
#SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
Exciting setup on SNAP with two bearish harmonic patterns: Butterfly and Anti-Cypher. This double confirmation strengthens the bearish outlook! 📉 The RVOLD average is supporting the downward move, increasing alongside the red candles. 📊
📉 Chart Analysis:
1️⃣ The Butterfly and Anti-Cypher patterns are indicating potential reversals, with strong resistance around the $17.34 level.
2️⃣ The increasing RVOLD average supports the bearish sentiment, suggesting more sellers are stepping in. 📈
🎯 Trade Setup:
Entry Point: Look for confirmations as the price approaches resistance.
Target 1: $16.31 💰
Target 2: $16.19 💸
Stop Loss: $17.34 🚨
📝 Why I'm Interested:
These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade.
📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻
#SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
Trade closed: target reached
Targets hit!! CONGRATS! No one do what i do for free over here! 🤑🤘🏻💪🏻💪🏻Note
WOW! congrats everyone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.