Shell is showing a possible bull flag / descending channel structure after a strong upside move from the February–March base.
Price has been consolidating inside a downward-sloping channel, which can often act as a healthy pause after a strong trend. The key level to watch is the upper flag resistance area. A clean breakout and daily close above this structure could suggest renewed momentum and potential trend continuation.
For now, I would not treat this as confirmed yet. The setup becomes more interesting only if price can reclaim the flag resistance with volume and hold above it. If price fails and continues rejecting inside the channel, the structure remains only a consolidation, not a confirmed continuation.
Key idea:
Preparation first, confirmation second.
A flag pattern is only useful when the breakout confirms the story.
Not financial advice. For educational and research purposes only.
Price has been consolidating inside a downward-sloping channel, which can often act as a healthy pause after a strong trend. The key level to watch is the upper flag resistance area. A clean breakout and daily close above this structure could suggest renewed momentum and potential trend continuation.
For now, I would not treat this as confirmed yet. The setup becomes more interesting only if price can reclaim the flag resistance with volume and hold above it. If price fails and continues rejecting inside the channel, the structure remains only a consolidation, not a confirmed continuation.
Key idea:
Preparation first, confirmation second.
A flag pattern is only useful when the breakout confirms the story.
Not financial advice. For educational and research purposes only.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.