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Shopify Inc.(SHOP:NASDAQ) Elliott Wave Technical Analysis 13 February 23

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Shopify Inc., Elliott Wave Technical Analysis

Shopify Inc., (SHOP:NASDAQ): Daily Chart, 13 February 23,

SHOP Stock Market Analysis: Moving as expected from the last update. At this point there isreason to believe we have completed the three wave move which could either be wave B as labelledor else wave {a} of B to then have a deeper retracement.

SHOP Elliott Wave Count: Wave (c) of B.

SHOP Technical Indicators:Above all averages.

SHOP Trading Strategy:Looking for further downside into either wave {i} of C or else wave (i)of {a}.

TradingLounge Analyst: Alessio Barretta



Shopify Inc., SHOP:4-hour Chart, 13 February 23,

Shopify Inc., Elliott Wave Technical Analysis

SHOP Stock Market Analysis:It seems like we have a complete five wave sequence into wave{c}. Looking for a clear five wave move to the downside before considering shorts.

SHOP Elliott Wave count: Wave {i} of C.

SHOP Technical Indicators: below 20EMA.

SHOP Trading Strategy:Looking for downside into wave C.


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