$SHOP TOP 20
Added 2024-10-13 18:37:42 +0000 UTCOur third rising wedge evident this evening and this is very tight and strict.....we have been waiting about 2 months for this to break down and it still keeps pushing higher, such is the appetite here and not somewhere where we chase
The Buy Zone is clear and I have set forward my strategy every weekend for the last 2 months here: I will only add when there is a pull back....otherwise I am happy with my position.
That plan remains the same.
Comments
It has not filled the top gap it left open at the beginning of the year from the local high, so it could do that as well eventually, maybe before the correction, or maybe after the correction
THESTOCKS
2024-10-13 20:37:37 +0000 UTCYes but it is something to be aware, I’m sure you would agree each stock has its own personality, SHOP likes to fill its gaps, if you look back 2 years, it’s filled every up and down gap it has left open. Gap up in April 2023, filled October 2023, Gap October 2023, filled August 2024, Gap April 2024, filled July 2024, and a lot of smaller gaps in between all of this, so in a down turn, one could expect it to fill its gap to the down side it left open if it’s already going that way, would make sense in this scenario as well since it would be in PW3, Sub Wave 2, bottom of Wave 1 starts at $48.56, so it could go anywhere there just not beneath it so it doesn’t invalid the wave count Correct? $BABA for example is a stock that always fills its gaps eventually
THESTOCKS
2024-10-13 20:36:45 +0000 UTCGap fills is not a strategy.
Gareth Neary
2024-10-13 19:12:33 +0000 UTCYou are not showing the HUGE gap it left open because of these candles you use. It is very possible that it goes to fill that gap, which it can as this would be wave 2 in its wave 3.
THESTOCKS
2024-10-13 19:06:59 +0000 UTC
