Elliott Wave charts by Alessio Barretta 4 Hour - We keep moving sideways in a three wave manner, which confirms the fact we are in a corrective structure. We are moving between the 50% and 38.2% retracement of (iii). Daily - Shopify keeps moving sideways as expected, as it stays between the 20 and 200EMA. As long as we do not break the red line we can assume we will be seeing further downside.
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