1st thing id like to acknowledge is I will not use built in functions or indicators (MA's 20,50,200 only exceptions) as I believe they are only here to distract us from our own thought. This is by no means a declaration of "to the moon" or any specific price action range/value. what i am saying is that ive seen a few people very confident in their short analysis as its "all they see". In fact SHOP clearly just broke out of down side period of trading which can be seen in "trend channels" i created to track it. Confirmations are present for every channel crossing to the upside as well as overall breakout confirmation of the downtrend itself as it passes out the channels. if you wanna dig a little deeper you can see a clear change of bar movement the last 2/3 of down the channels. AlL I sEe Is rather weak gap bounce movement turn into a consistent and group consensus form as the gaps diminish telling me that upward sentiment (at that time was in charge) and it shall be noted most current bars sit on the upside of the line which also happens to be...you guessed it the general overall trajectory of shops market value (this line is what i consider to be the mean of trajectory as it can be proven making duplicates on same angle both above & below but im lazy and simple so i prefer my personal mean method. lastly has anyone noticed current volume rates and OI on the 6/18 $1400 strike calls? Most of accrued data took place during larger upward movement however crediting the short theory i can also arrive at those are sell to open...anyone have any useful insight into this. Thank You
They will all fall
They will all fall