Jump to content

Shopify Inc.(SHOP:NYSE) Elliott Wave Technical Analysis August 22, 2022

Recommended Posts

Shopify Inc., Elliott Wave Technical Analysis

Shopify Inc., (SHOP:NYSE): Daily Chart, August 22, 2022, 
SHOPStock Market Analysis:Moving lower as expected from the previous forecast on August 16. This should be wave (i) of {v} therefore I am looking for further downside. Red line is invalidation level.

SHOP Elliott Wave count:  Wave (i) of {v}.
SHOPTrading Strategy: Waiting for a larger pullback in wave (ii) to enter short.

SHOPTechnical Indicators:We are below all EMAs and we’hve had the 20EMA acting as resistance.

SHOPLatest News: While shareholders of Shopify (NYSE:SHOP) are in the black over 5 years, those who bought a week ago aren't so fortunate(Simply Wall St.)

TradingLounge Analyst: Alessio Barretta





ShopifyInc., SHOP: 4-hour Chart, August 22 2022, 

Shopify Inc., Elliott Wave Technical Analysis
SHOP Stock Market Analysis: Looking for a bounce in wave iv as a potential shorting opportunity.

SHOPElliott Wave count:  Wave iii of (i).
SHOP Technical Indicators: All technical indicators suggest for further downside.

SHOPTrading Strategy: Waiting for a pullback into wave iv which has to be a three wave pullback.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Hi KoketsoIG, Thank you for the clarification on that. Cheers
    • Dear @millennium_falcon, Hey there! Thank you for reaching out. Just a heads-up, you can only have one API key for each environment, either live or demo. No third API key can be created.  Thanks, KoketsoIG
    • To clarify my understanding. From my Usecase, I have three separate programs all operating interdependently from one another. A program to subscribe to tic data on a number of Epics via the LightStream API, another to grab historic on a number of Epics via the REST API, and finally another to manage positions via the REST API. I need to do this on my demo account initially to get API code stabilized. The IG website specifically says that I need separate API key for each distinct program connecting to IG over REST or LightStream. So in my understanding it looks like I need three API keys all for the demo account. Am I missing something or have I misunderstood how to use these API keys? I am aware of the API request limits and this is why I assumed you need a key per program. Currently I have one API key for the demo account and cannot seem to add more keys to the demo account? I have looked at the FAQ and cannot see an answer for my query.
  • Create New...