SNAP DAILY WOLFE WAVE

Another daily wolfe wave setup was triggered post midterms. The chart for SNAP is closing in on a few gaps left open after the earnings debacle. With tax losses and Christmas rally into end of year, we should see most of the small caps rally and accelerate into Feb 2023. The apex and projection target lines can be used to estimate when price and time will meet in the future by extending a vertical line connecting the two points in space. Based on the position of the apex, the price of SNAP is projected to reach $15 or higher (200 day ma) by Dec 29, 2022.