Short
SHOP could continue correcting
Shop could go lower. Home plays are losing their shine. Also, the very high expectations are already baked in- 46 P/S. My EW count suggests a good chance of going down in a C wave. All these make me inclined to think that there are more chances to go down rather up. An invalidation point could be at around 1250.
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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.