SHOP reaches the resistance zone
I am in here to short SHOP targeting a 30 point drop. Dec. 3 and Dec. 4 had two pump days in a row that really hypes the market. Yesterday's volume spike and long upper shadow indicate the potential of pullback.
Plus /ES is not very stable these days.
Cut the position if the price moves up 5% and targeting a 10-15% gain.
If you are using options, always looking for a 100% loss. I recommend a 30days+ put option.
I am testing out my volume profile analysis strategy.
Btw, I am a recent graduate from one of the Canadian University. I am really passionate about trading. If you see this analysis and like it, please give me a like or follow me. Also, I am seeking for a finance or professional trader career path. Any help is truly appreciated.
Plus /ES is not very stable these days.
Cut the position if the price moves up 5% and targeting a 10-15% gain.
If you are using options, always looking for a 100% loss. I recommend a 30days+ put option.
I am testing out my volume profile analysis strategy.
Btw, I am a recent graduate from one of the Canadian University. I am really passionate about trading. If you see this analysis and like it, please give me a like or follow me. Also, I am seeking for a finance or professional trader career path. Any help is truly appreciated.
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