Here we are looking at SNOW on the Daily TF.
I would like to draw your attention to the up sloping Yellow trend line.
If the price action closes below this trend line we can expect further downside action.
The next target for SNOW is to the Green support line.
Once the price hits the Green support line, you can look for a couple day bounce possibly back up...
On the weekly timeframe price formed a M or (double top) pattern and has been falling ever since.
Currently, price has broken a major support area and is now retesting it as resistance. It is possible that price can break back into this old support zone and start going up, or after retesting the zone as resistance it can fall from there.
I am looking to...
