Short
Shell short - going to resistance
We can see that Shell is showing a descending triangle after a cup and handle pattern. We can see that the chart is searching for the support level. This in combination with the strong growth of Shell on a short term makes me think the price will be dropping for a couple of days soon.
Note
As we see, Shell dropped in line with the expectation, although when looking at the numbers of shell, I expect them to go up in value.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.