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.
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.
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.