#SHELL has bounced strongly from the support zone and the daily EMA50, and is now testing a breakout above the symmetrical triangle.
📌 A daily candle close above the triangle would confirm a bullish breakout and could signal the start of a trend reversal. If confirmed, the potential upside targets are:
🎯 $0.2188
🎯 $0.2450
🎯 $0.2823
🎯 $0.3299
🎯 $0.4110
🎯 $0.4934
💡 Volume is picking up, RSI is nearing overbought, and momentum is shifting — all pointing to a possible continuation.
⚠️ A failed breakout may lead to a pullback into the range — keep stop-losses tight and manage your position size wisely.
📌 A daily candle close above the triangle would confirm a bullish breakout and could signal the start of a trend reversal. If confirmed, the potential upside targets are:
🎯 $0.2188
🎯 $0.2450
🎯 $0.2823
🎯 $0.3299
🎯 $0.4110
🎯 $0.4934
💡 Volume is picking up, RSI is nearing overbought, and momentum is shifting — all pointing to a possible continuation.
⚠️ A failed breakout may lead to a pullback into the range — keep stop-losses tight and manage your position size wisely.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.