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Shopify Inc.,Elliott Wave Technical Analysis 12 April 2023
12Apr

Shopify Inc.,Elliott Wave Technical Analysis 12 April 2023

Alessio Barretta |12 Apr, 2023 | 0 Comments | Return|

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Shopify Inc.,Elliott Wave Technical Analysis 12 April 2023

4Hour

Shopify Inc., SHOP: 4-hour Chart, April 12 2023,
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}.

Daily

Shopify Inc., Elliott Wave Technical Analysis
Shopify Inc., (SHOP:NASDAQ): Daily Chart, April 12 2023,
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$

 

 

 

About the Author

Alessio Barretta

Alessio Barretta

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