Rest of the week not looking good. However next week will be good, waiting on the some important results.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ A quite perfect Ascending Triangle Continuation is taking place...
SHELL is having reasonable retracement. It is concurrent with SP500 retracement today. Entry at demand zone if we see signal on this level. Potential squeeze bottom of previous swing low to form bullish signal.
The PEAD projected a Bearish outlook for $SHEL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
As it stands SHELL stock is making a correction in lower TF for a possible move up to reach the level 47usd after completing a regular flat.
SHELL is not making new HH's Also it broke major trendline It is near the resistance (Entry) Trend indicates that it will continue its bearish move. It is not a financial advice. Thanks
Shell, pretty strong to the upside, has potential to go further up?
Most likely we will not see a break of long term resistance. It's rather 18 than above 28.
The PEAD projected a Bullish outlook for $SHEL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Opened short after local high in expectation of wave C correction or wave 3 downtrend. Will see soon!
Took short position at local high below indecision bearish candle taking out bullish.
Order SELL SHEL NYSE Stop 50.64 LMT 50.64 will be automatically canceled at 20230401 01:00:00 EST SHEL weekly bearish hammer wave 5 of downtrend take profit into MA 100 / 200 intersection, stop loss above the candle.
SHELL seems to lose long-term price support. If loss of support is confirmed, we could go back to 22-23 euro.
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The PEAD projected a Bullish outlook for $SHEL after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Shell has been in an uptrend for almost 2 years now, but in my opinion is due a correction. On the monthly chart we printed a bearish engulfing candle (not shown here), so a temporary top is probably in. So looking for bullish signs once we reach the 0.382 or 0.618fib levels, at EUR 21.30 and 16.80 respectively.