Scenario A (Base Case)
Support bounce: Price held at ~$214.87, then nearly filled a gap.
Next leg up: Target $228.87—likely to gap-fill, wick, then reverse.
Retrace path: After that, expect another pullback to $214.87, then deeper fill down to $201.95—that’s a big move if triggered.
Scenario B (Bull Break)
Key breakout: If SNOW breaks above $228.87 decisively, look for continuation to $237.78, and potentially rally back into the $252 range.
Scenario C (No-Trade Zone)
If price just drifts sideways in chop—we sit out. Trading in no-man’s land gives poor risk/reward and gets you whipsawed.
Strategy
Base case (A): SNOW bounced at ~$214.87, filled up near $228.87, likely wick and fall. If that happens, look for re-entry shorts targeting $214.87 and deeper to $201.95.
Bullish flip (B): A clean break and hold above $228.87 opens pathway to $237.78 and potentially retest into the low $250s.
Chop (C): Sideways 30-minute to 1-hour movement? No edge—stay light, stay patient.
Why Each Move Matters
$214.87 = proven bounce zone, sets the stage.
$228.87 = gap-fill and area where momentum—or rejection—gives clue.
$201.95 = deep gap fill, big structural play if price falls fast.
$237.78 / $252s = next resistance cluster if bullish scenario runs.
Support bounce: Price held at ~$214.87, then nearly filled a gap.
Next leg up: Target $228.87—likely to gap-fill, wick, then reverse.
Retrace path: After that, expect another pullback to $214.87, then deeper fill down to $201.95—that’s a big move if triggered.
Scenario B (Bull Break)
Key breakout: If SNOW breaks above $228.87 decisively, look for continuation to $237.78, and potentially rally back into the $252 range.
Scenario C (No-Trade Zone)
If price just drifts sideways in chop—we sit out. Trading in no-man’s land gives poor risk/reward and gets you whipsawed.
Strategy
Base case (A): SNOW bounced at ~$214.87, filled up near $228.87, likely wick and fall. If that happens, look for re-entry shorts targeting $214.87 and deeper to $201.95.
Bullish flip (B): A clean break and hold above $228.87 opens pathway to $237.78 and potentially retest into the low $250s.
Chop (C): Sideways 30-minute to 1-hour movement? No edge—stay light, stay patient.
Why Each Move Matters
$214.87 = proven bounce zone, sets the stage.
$228.87 = gap-fill and area where momentum—or rejection—gives clue.
$201.95 = deep gap fill, big structural play if price falls fast.
$237.78 / $252s = next resistance cluster if bullish scenario runs.
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