13Feb
Shopify Inc., Elliott Wave Technical Analysis 13 February 2023
Shopify Inc., Elliott Wave Technical Analysis 13 February 2023
4Hour
Shopify Inc., SHOP: 4-hour Chart, February 13 2023,
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.
Daily
Shopify Inc., Elliott Wave Technical Analysis
Shopify Inc., (SHOP:NASDAQ): Daily Chart, February 13 2023,
SHOP Stock Market Analysis: Moving as expected from the last update. At this point there is reason to believe we have completed the three wave move which could either be wave B as labelled or 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}.
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