benedekdomotor

Why is waiting better than FOMOING?

NYSE:SNOW   Snowflake Inc.
If you would only watch the 1-hour chart, then you would say it is a very good entry point, because of the high volume breakout.
But if you take a look at a higher timeframe, then you would notice that we only backtested the previous bearish pattern (Head and Shoulder).
So in any case like this, I suggest you sit back and wait for a confirmation.
Such a confirmation could be a gap-up opening on Monday, with a lot of participants.
A bearish sign would be, low volume tanking on Monday.

Summary:
At this moment it is truly neutral.
A lot of bearish and bullish signs occurred.
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.