SHOP (1D) - Dead Cat bounce coming ?
Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies.
Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH.
Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss.
Stay safe (sane) and enjoy the ride ;)
Previous idea for SHOPIFY
Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH.
Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss.
Stay safe (sane) and enjoy the ride ;)
Previous idea for SHOPIFY
Dagangan aktif:
Previous idea before Bear market started:
Always count subwaves + watch RSI divergencies/convergencies at smaller TF.
My expectation right now: