Shopify Inc.Long
Shop
Super exciting chart here. Personally I love these setups! This has a monster channel, almost lookin like an inverse head and shoulders within this choppy range. We had 2 daily wicks to 45.30. We had some daily candles that close at 41.77 and 43.25.
This gives a big range of chop so scalping an entry could be a little less clear. Ultimately piping above that 45.30 would be the safest entry upon a rip up we could play the push and then look for a pull back backtest of this range.
If I was going to try to scalp the entry anticipating a breakout of this range, I think finding support for a day or 2 on top of 41.30 could be a play, as well as a potential pull back and hold of 40-39.60 as a dip pull back level
This could have room to test 51.50 in coming month as long as markets contiue on the bullish path we are paving
This gives a big range of chop so scalping an entry could be a little less clear. Ultimately piping above that 45.30 would be the safest entry upon a rip up we could play the push and then look for a pull back backtest of this range.
If I was going to try to scalp the entry anticipating a breakout of this range, I think finding support for a day or 2 on top of 41.30 could be a play, as well as a potential pull back and hold of 40-39.60 as a dip pull back level
This could have room to test 51.50 in coming month as long as markets contiue on the bullish path we are paving
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