Long
Entering Wave 5 for SHOP -Possible huge run to new highs
Tony's Picks
I have recently started analyzing charts and have come across this interesting idea.
It looks like
SHOP is about to enter wave 5 via the black line on the daily chart. The blue line trend inside the black waves supports trendy behavior through the Elliot wave theory. The counter trend from the blue line may be over or ending soon. Then wave 5 will begin.
With eCommerce surging andSHOP at the forefront, strong growth and solid holiday numbers could propel SHOP to new heights.
Curious to thoughts and comments.
Thank you.
I have recently started analyzing charts and have come across this interesting idea.
It looks like
SHOP is about to enter wave 5 via the black line on the daily chart. The blue line trend inside the black waves supports trendy behavior through the Elliot wave theory. The counter trend from the blue line may be over or ending soon. Then wave 5 will begin.With eCommerce surging and
SHOP at the forefront, strong growth and solid holiday numbers could propel SHOP to new heights. Curious to thoughts and comments.
Thank you.
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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.