Shopify Inc.(SHOP:NASDAQ) Elliott Wave Technical Analysis November 25 2022

tradinglounge · 2022-11-25T10:28:52+0000

Shopify Inc., Elliott Wave Technical Analysis Shopify Inc., (SHOP:NASDAQ): Daily Chart, November 25 2022, SHOP Stock Market Analysis: We are expecting a sideways or else downward move into wave{b} of B to then having the last upside move and complete wave C. SHOP Elliott Wave Count: Wave (a) of {b}. SHOP Technical Indicators:20EMA acting as support. SHOP Trading Strategy:Looking for further developments into wave {b}. A break south of 23$could be seen as wave count invalidation. TradingLounge Analyst: Alessio Barretta Shopify Inc., SHOP: 4-hour Chart, November 25 2022 Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: Looking for further into the pullback in wave b of (b) to then lookfor further downside into wave (c). SHOP Elliott Wave count: Wave a of (b). SHOP Technical Indicators: Above all averages, crossing of the 200 and 20EMA. Strong volumeat just above 31$. SHOP Trading Strategy:Looking for the pullback in wave (b) to retrace deeper to then eventuallylook for short term shorts.

By tradinglounge,
November 25, 2022 in Shares and ETFs

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Shopify Inc.(SHOP:NASDAQ) Elliott Wave Technical Analysis November 25 2022

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