Short
Bearish Wedge: Shell Midstream Partners
#TFStrategy
Bearish Wedge: Shell Midstream Partners (SHLX)
The wedge is formed when the price moves in an increasingly narrow pattern that has higher minimums and higher maximums.
Strategy:
Risk - reward ratio: 2.64
1. Entry: Sell when the price confirm a breach of the lower band, at approximately $20.2 per share.
2. Profit taking: Target $16.07
3. Stop loss: approximately $21.78
Bearish Wedge: Shell Midstream Partners (SHLX)
The wedge is formed when the price moves in an increasingly narrow pattern that has higher minimums and higher maximums.
Strategy:
Risk - reward ratio: 2.64
1. Entry: Sell when the price confirm a breach of the lower band, at approximately $20.2 per share.
2. Profit taking: Target $16.07
3. Stop loss: approximately $21.78
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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.
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.