Shopify Can do 2 things 1,800 or 1200
Go up or down lol.
Yellow lines - Weekly Channel
Purple line - Split channel
White lines Minor channel
Last 2.days shop has reclaimed its 50 and 100sma and today stop short of reclaiming its 21EMA.
Long over 1540 with 1800 channel top target
Short below 50sma which aligns with that split around 1483. your target would be channel bottom around 1200.
so between 1483 and 1540 I wouldn't go near this . wait for direction
Yellow lines - Weekly Channel
Purple line - Split channel
White lines Minor channel
Last 2.days shop has reclaimed its 50 and 100sma and today stop short of reclaiming its 21EMA.
Long over 1540 with 1800 channel top target
Short below 50sma which aligns with that split around 1483. your target would be channel bottom around 1200.
so between 1483 and 1540 I wouldn't go near this . wait for direction
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