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Henry_Ross
Jan 6, 2021 8:24 AM

Traditional|SHW|Long and short 

Sherwin-Williams Company (The)NYSE

Description

Long and short SHW

Activation of the transaction only when the blue zone is fixed/broken.

Working out the local support and resistance levels of the triangle.
* Possible closing of a trade before reaching the take zone.

The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.

The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.

Working out the stop when the price returns to the level after activation + fixing in the red zone.

Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone (S-SL short stop, L-SL long stop).

Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.

Trade closed: stop reached

Comments
gregnsheri1001
as Sherwin Williams goes so goes the country. This company is rock solid. I hate what is going on in this country and the stock market.
TheSignalyst
I personally go for the bullish one. unless the sellers kick in aggressively
Henry_Ross
@TheSignalyst, Let's see how it will be in fact)
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