Shopify Inc., Elliott Wave Technical Analysis

Shopify Inc., (Nasdaq: SHOP): Daily Chart, 12 April 23,

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$.  

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Shopify Inc., SHOP: 4-hour Chart, 12 April 23,

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}.

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