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Shopify Inc.(SHOP:NASDAQ) Elliott Wave Technical Analysis 12 April 23


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Shopify Inc., Elliott Wave Technical Analysis
Shopify Inc., (SHOP:NASDAQ): Daily Chart, 12 April 23,
SHOP Stock Market Analysis: Looking for further downside into wave C. An alternate could be that we are still in wave B, more precisely in wave {b} of B and we have another move higher into wave {c} of B before resuming lower.  
SHOP Elliott Wave Count:  Wave {ii} of C.  
SHOP Technical Indicators: In between averages.
SHOP Trading Strategy: Looking short with a pivotal point at 55$.  
TradingLounge's Analyst: Alessio Barretta
 
 
SHOP_4_12.png.9c05ed35c20a7a72d720d8eba9801110.png
 

 
Shopify Inc., SHOP: 4-hour Chart, 12 April 23,
Shopify Inc., Elliott Wave Technical Analysis
SHOP Stock Market Analysis: It looks like we had a three wave move into wave {ii} and we could be ready to resume lower.  
SHOP Elliott Wave count:  Wave (i) of {iii}.  
SHOP Technical Indicators: In between the 20 and 200EMA.
SHOP Trading Strategy: Looking shorts into wave {iii}.
SHOP_4H.png.ab1cc093ab1f4fdd90802c34878be850.png
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