$SHOP trade idea 2.0

10月22日

Hi everyone,
I am back with a new trade idea on SHOP ...
My previous one went quite well and so the next one I followed with but didn't post.

My idea is similar to the one before this one,
SHOP is at a point where it's in between 2 Gaps it has left behind during past Earnings,
it does not matter that Earnings are positive or negative because I've seen that can only amplify current trends.

Judging by past chart behaviour, I believe it will first fill the higher Gap as its creation is prior the new one and size/gravity is lower, it might even happen that it is filled 2 days before new Earnings strengthening my thesis (just like on 7/Aug/2024).

I'll be writing down past chart behaviour and you can check yourself the movements in the chart itself.

By no mean am I a fortune teller but my thesis is fair,
It might even happen that it keeps going up and thanks to Christmas usual volume it hits the 1 week FVG above, only time will tell.

[STORIC OF EARNINGS AND FOLLOWING ACTIONS I NOTICED]

27/Oct/2022 Earnings - Buy in 2 days before | Massive FVG on the upside
*FVG filled before next earnings
*New minor FVG created on the downside (20/Jan/2023)

15/Feb/2023 Earnings - Short 2 days before | Small Gap + FVG below
*Price perfectly fills gap + FVG
*Creates new gap on the upside (15/Feb/2023) and leaves previous FVG unclosed

4/May/2023 Earnings - Buy in 2 days before | Gap + Previous big FVG upside
*Fills in previous unclosed FVG + new Gap
*Creates new major Gap on the downside (4/May/2023)

2/Aug/2023 Earnings - Short 2 days before | Major Gap on downside
*Touches Gap, bounces shortly and creates new gap on the downside
*Fills in own Gap and closed major Gap
*Creates new major weekly FVGs + minor Daily FVG (18/Sep/2023)

2/Nov/2023 Earnings - Buy in 2 days before | Major weekly FVGs upside
*Fills in weekly FVGs + daily FVGs
*Leaves new massive Gap on the downside (2/Nov/2023)

13/Feb/2024 Earnings - Short 2 days before | Massive Gap downside
*Heads towards massive Gap below not reaching it yet
*Creates new big Gap on the upside (13/Feb/2024)

8/May/2024 Earnings - Short 2 days before | Unclosed Massive Gap downside
*Closes massive Gap on the downside 2 days before new Earnings
*Creates massive Gap on the upside (8/May/2024) + small Gap (1/Aug/2024)

7/Aug/2024 Earnings - Long 2 days before | Massive Gap upside
*Closes massive Gap on the upside
*Creates massive Gap on the downside (7/Aug/2024)

31/Oct/2024 Earnings - still to come....
*There are 2 open Gaps, one on the upside and one on the downside
*The one on the upside is a minor one and has already been touched and created before the downside one
*Just like on 5/Aug/2024, it might close the Gap 2 days before to then sell off