Let it $Snow Snowflake Inc.BATS:SNOWjursapawelSnowflake has broken out of a rising wedge pattern on elevated volume, which often indicates that the move may be overextended. This kind of breakout frequently precedes a corrective pullback, potentially returning toward the gap left near the previous earnings report. The first downside target is around 200, with a secondary target near 180, aligning closely with the 0.618 Fibonacci retracement level, which serves as a deeper but technically significant support zone.