We may derive the following from the Daily SHP chart:
1. Price has closed outside of our downtrend channel.
2. A potential push to the upside may occur - price may then reach the recent high (blue line).
3. This will be telling for longer term buys on the higher time frames (W & M).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price has closed outside of our downtrend channel.
2. A potential push to the upside may occur - price may then reach the recent high (blue line).
3. This will be telling for longer term buys on the higher time frames (W & M).
4. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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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.
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.