Elliott Wave Technical Analysis: Shopify Inc.

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Shopify Inc., Elliott Wave Technical Analysis

Shopify Inc., (Nasdaq: SHOP): Daily Chart, 10 March 2023.

SHOP Stock Market Analysis: Looking for five waves to the downside into wave {i} as we are assuming we have completed a three wave move to the upside in wave B.  

SHOP Elliott Wave Count:  Wave  (iv) of {i}.

SHOP Technical Indicators: Below 20 and 200EMA average.  

SHOP Trading Strategy: Looking for shorts into wave (v).  

Analyst: Alessio Barretta

Shopify Inc., SHOP: 4-hour Chart, 10 March 2023.

Shopify Inc., Elliott Wave Technical Analysis
SHOP Stock Market Analysis: Looking for a downside in wave (v) already, we have a three wave move into wave (iv).  

SHOP Elliott Wave count:  Wave i of (v).

SHOP Technical Indicators: Below 20EMA

SHOP Trading Strategy: Looking for shorts into wave (v). 


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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