$SHOP TOP 20
Added 2024-06-03 02:20:33 +0000 UTCOur thesis here remains in tact, a hold on the trend line and the 0.5 Fib at $57 is still in place but we can not deny that a test of the 0.618 Fib, which would be a standard pull back level for Wave 2 is still a risk but also, a buy signal for us at $49 if the price can pull back here and hold at this level.
I think bulls would be very happy to buy at this level too if they got an opportunity and so should we too.
No more buys for me into $SHOP right now but I can not deny that I will be happy to see $49 reached.
Let's see if we can get a bounce from here next and observe the start of its next impulse wave.
