SHW - Weekly Elliot Wave AnalysisAs on 15-06-2021
Wave 0 = 108.48
Wave 1 = 252.67
Wave 2 = 218.06
Wave 3 =
= 454 levels
Wave 4 Max retracement to 0.5 = 336
Wave 5 =
= 480 levels
SHW trade ideas
beautiful uptrend here! congrats to longs :)very strong uptrend here, look for a small dip on RSI before entering, use bottom trendline as entry/support zone. i would not enter unless i saw a dip to 260-265 here. goodluck, dont forget to like and follow <3
Traditional|SHW|Long and shortLong and short SHW
Activation of the transaction only when the blue zone is fixed/broken.
Working out the local support and resistance levels of the triangle.
* Possible closing of a trade before reaching the take zone.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
a couple outcomeseither we bounce of the trendline an continue up towards 800. or we pull back a bit. if long use a tight stop. remember to take profits where you can ! gl :) leave a like if you found this helpful <3
Symmetrical Triangle Forming in Sherwin-Williams NYSE:SHW is forming a symmetrical triangle. This is a name with lots of momentum as it has been going up consistently for the past few months. Look for long entries with more reward than risk. First target would be previous highs, 2nd target is all time highs. Refer to the stop loss level in the chart.
Materials Sector Stocks Are Still Making Higher-Highs: SHWWhile many stocks are rapidly falling, large number of stocks in the Materials sector are not doing badly. Sherwin William (SHW) is a typical example. The stock price recently made higher-high and a pullback to value zone might worth waiting for before buying the stock...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Thinking out loudGood long-term investment assuming no market collapse takes place, might have to revisit $600 if the trend channel continues.
buy only above 575.55 target 582.75 target 595.25 sl 570.25buy above 575.55
target 582.75
target 595.25
sl 570.25
Breakdown Coming Soon?
Bears agreeing to sell at lower prices.
Line of Resistance will be tested soon, let's see what will happen!
Below $407S/R & 21eMA $403.77 DailyPotential Put/Short to $370 if $395.5 Fib Supp. Breaks; Upside above $407
SHW expecting near term weaknessThis is a IWM equal weight etf top holding. Right here it is the top holding. That means come next week the fund will likely sell shares to re-balance it's holdings. Not the best situation to be in since we pushed past the expected move today. Just my 2c
Sherwin Williams.Huge gains today on SHW if you were patient. I got shares at 418.30. Good buying/demand zone. But sold at 421.30. OK, a nice gain, but patient and holding to the 15min chart would have returned HUGE profits. Why: the upper level sellers were taken out at the open, so waiting for the stock to push through that previous level was likely. Should have gotten a coffee and chilled. good lesson learned.
