Short
SHP Shire Possible Gartley Sell
SHP Shire Possible Gartley Sell
A-B 0.786 retracement of the X-A leg
B-C 0.618 retracement of the A-B leg
C-D Anticipated 1.27 extension of the A-B leg, (and 1:1 measured up-trend move of A-B). Completing around 5426
Entry
5390 - watch and manage, may need to be adjusted to accommodate recent highs of 5330's
Targets
T1 5005 - 0.385 retracement of the A-D move
T2 4820 - 0.618 retracement of the A-D move
Stop
130 (around 5520)
Considerations
Spread can vary on this stock, so adjust entry/exit orders accordingly.
A-B 0.786 retracement of the X-A leg
B-C 0.618 retracement of the A-B leg
C-D Anticipated 1.27 extension of the A-B leg, (and 1:1 measured up-trend move of A-B). Completing around 5426
Entry
5390 - watch and manage, may need to be adjusted to accommodate recent highs of 5330's
Targets
T1 5005 - 0.385 retracement of the A-D move
T2 4820 - 0.618 retracement of the A-D move
Stop
130 (around 5520)
Considerations
Spread can vary on this stock, so adjust entry/exit orders accordingly.
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