$SHOP - 5-count Pennant Breakout Opportunity
SHOP is showing incredible confluence in Fibonacci in addition to a 5-count completion on it's most recent bullish pennant.This is pre-breakout but is looking likely to happen this week - targeting previous highs and creation of new ones!
- First entry: $1217
- Confirmation: $1238
- TG1: 1245.91
- TG2: 1260.69
- TG3: 1286.14
- TG4: 1322.59
- TG5: 1347.15
- Invalidation under: 1153
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Trade closed: stop reached
Only hit 1 target before mkt stop cooperating. Invalidated
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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.