$SHOP TOP 20
Added 2024-09-15 12:34:07 +0000 UTCI have added the weekly chart here to show where the 200 WMA is.
So far $SHOP has only pulled back to the 0.38 Fib at $66.10, which we know is the Wave 4 support level, we would like to see $SHOP reject before making a higher high and come down to complete a lower low, into the buy zone or on the yellow trend line to add.
If a higher high is made next then we are only in Wave 5 now and I still expect a test of the 200 WMA at $79 before an ABC pull back.
We need more price action to confirm its next move.
I will only add here on a lower low next or wait until Wave 5 at the 200WMA completes and then add at the end of the ABC pull back.
