#TFStrategy
Bearish Wedge: Shell Midstream Partners (SHLX)
The wedge is formed when the price moves in an increasingly narrow pattern that has higher minimums and higher maximums.
Strategy:
Risk - reward ratio: 2.64
1. Entry: Sell when the price confirm a breach of the lower band, at approximately $20.2 per share.
2. Profit taking: Target $16.07
3. Stop loss: approximately $21.78
Bearish Wedge: Shell Midstream Partners (SHLX)
The wedge is formed when the price moves in an increasingly narrow pattern that has higher minimums and higher maximums.
Strategy:
Risk - reward ratio: 2.64
1. Entry: Sell when the price confirm a breach of the lower band, at approximately $20.2 per share.
2. Profit taking: Target $16.07
3. Stop loss: approximately $21.78