SNAP Update - 60min Bearish 5-0

16 May 2017

I posted a DAILY Deep Crab that suggest SNAP needs a serious retracement after its IPO before considering accumulation. The 60-min Bearish 5-0 in the CD leg has also lined up with an important COMPLEX RSI formation. As I outlined in myVOL2 book, these indicator formations are typically retested. THIS IS THE PROPER HARMONIC EXPECTATION! Execute SNAP off the short-term pattern and employ the Daily formation as the ultimate downside target @ 16.