SHOP bearish engulfing on the daily with market weakness
SHOP bearish engulfing today, looking down at the highlighted supports.
Given the market weakness and the loss of RSI support, I would be looking to play a higher low compared to 132.63 for bull entries, especially anything other than a day trade. A patient bull will wait for hourly trend to change so there is a new support established.
Given the market weakness and the loss of RSI support, I would be looking to play a higher low compared to 132.63 for bull entries, especially anything other than a day trade. A patient bull will wait for hourly trend to change so there is a new support established.
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.