Here's a count to cheer up the bulls, eventually. While it suggests that a 5th wave may have been just completed it also suggests that after a decent correction we may see some really bullish price movements in this stock. Interesting to me how all the fib measurements are almost perfect within EW theory. Lets see how it pans out.
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Nice bounce on the 38.2 fib retracement there. Start of wave 3??
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The FED fired their bazooka last night but so far only another limit down day for the US indexes. If SNAP can hold here though......
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Here's another stab at calling at least a temporary bottom.....this time using the log scale 61.6 fib. With markets as they are I think all we can say is that this might be an interesting level for this stock.....