The description on the chart is clear


I really don't see what is clear about shop going up as you indicate? there is a big divergence on the RSI in the daily and even weekly charts. At best it's going into a sideways triangle which could go up or down. The top almost looks like an extended head and shoulders. The spot where you have a 3 is the left shoulder, the 5 the head, the B, and the D the extended right shoulder. It's a well-known fact that this stock is overvalued. I think you are wishful thinking but I wish you the best of luck. I am not buying this, I might actually short it, I could see this go down to the 980 levels may be lower. But I am wrong more than half the time on my predictions.
+2 Reply
Earning idea guys thank u
Thanks for sharing your wave counts. I was struggling figuring this recent correction.
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