17Mar
Shopify Inc., Elliott Wave Technical Analysis 17 March 2023
Shopify Inc., Elliott Wave Technical Analysis16 March 2023
4Hour
Shopify Inc., SHOP: 4-hour Chart, March 17 2023,
Shopify Inc., Elliott Wave Technical Analysis
SHOP Stock Market Analysis: The initial move higher into wave (iv) appear to be a three wave move which gives us confirmation we are in a corrective structure. Looking for a sideways movement to confirm the count, without breaking the red line.
SHOP Elliott Wave count: Wave (iv) of {i}.
SHOP Technical Indicators: Aboe all averages.
SHOP Trading Strategy: Looking for sideways continuation in wave (iv).
Daily
Shopify Inc., Elliott Wave Technical Analysis
Shopify Inc.,, (SHOP:NASDAQ): Daily Chart, March 17 2023,
SHOP Stock Market Analysis: the overall count has not changed since the last update. We are still looking for further downside into wave (v). the alternate would be a three wave move to the upside to then resume lower.
SHOP Elliott Wave Count: Wave (iv) of {i}.
SHOP Technical Indicators: At the cross of 20 and 200EMA.
SHOP Trading Strategy: Waiting for a potential triangle in wave (iv).
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