SHLF made a huge plummet down after an equally impressive rise just before that.
Now, the gap at 3.70 has been filled and for now the trendline (blue) is holding. But it's not a buy signal yet. We need at least a confirmation in the candles and with the support structure before it becomes a buy.
- First start is there, the big wick on the current/last candle.
Now I want to see 2 things (maybe 3);
- Blue trendline holding
- getting above the support area (3.95)
(- retesting the support area (holding the trendline)
That's it!
Now, the gap at 3.70 has been filled and for now the trendline (blue) is holding. But it's not a buy signal yet. We need at least a confirmation in the candles and with the support structure before it becomes a buy.
- First start is there, the big wick on the current/last candle.
Now I want to see 2 things (maybe 3);
- Blue trendline holding
- getting above the support area (3.95)
(- retesting the support area (holding the trendline)
That's it!
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Related publications
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.