Watching to see if we close above or under the 84.5 uptrend line intersection. Looks like it might close just above it today but depending on how much, I think we may test it again tomorrow - esp. Friday before a long weekend so waiting til then to confirm.
@elguillermemo, definitely looks like it but it will have to close below the uptrend line and the 82 level lows of the left shoulder & head to be complete...Today it tested the 84.5 uptrend line but the trend line held and it closed closer to the 87 support than 84.5 lows so could still be a bear trap...I expect it to test the 84 level again tomorrow (esp. because it's a holiday weekend) but if it holds above then uptrend still intact and time to sell puts. If it closes below, then probably heading back to 81.5 neckline. But it will have to close below the 81.5 to be full head and shoulders signal to sell short. And even then it's still in uptrend (50 SMA is above the 200 SMA) so it would be a short term short maybe to 77-75. We'll know more tomorrow:) (tradingview.com/chart/SHOP/f07vdrFl-SHOP-rejects-off-91-resis-H-S-retest-of-84-4-uptrend-line/) remember i'm a beginner learning to chart so we'll learn together!:)