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SHOPIFY INCSHOPIFY INCSHOPIFY INC

SHOPIFY INC

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SHOP trade ideas

SHOP GOOD IDEA BUY I am a consultant for anyone who needs a consultant, I see that SHOP will GO UP IN THIS NEXT DAYS 1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position 2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!) 3, we can work together and try me for one or two weeks to decide to work with you and give you signals about buying or selling
NYSE:SHOPLong
by soufianchiekh
SPOT: Three Drives distribution patternThis monthly perspective chart of Shopify (Shop) illustrates a stock in which supply is gradually overpowering demand. โ€ข Three drives to a high (X1-X3) is a common pattern (and one of my favorites). It often marks the end of a trend. โ—‹ Each successive thrust in the pattern covers less ground. This occurs as sellers (supply) become more willing than buyers (demand). โ—‹ The three drives pattern is fractal, in other words, the pattern can appear in all time frames. โ€ข The Relative Strength Indicator (RSI) developed a series of lower highs, even as price managed a series of higher highs. This momentum divergence confirms that bullish momentum (driven by demand) became less intense on each successive thrust. โ€ข Finally, the MACD is rolling onto a monthly sell as momentum stalls and reverses. โ€ข Now price is pounding/testing the strong support zone derived from internal pivots and the most recent low. There are other clues that all is not right in SHOP. For instance, large bearish reversal bars at each of the successive highs suggest strong handed willing sellers have been actively distributing supply into each rally. Its likely that the same sellers will continue operating. Its also likely that weak hands who purchased during the distribution phase will be forced to liquidate if the market begins to make progress below the pivot support. In future posts we will discuss how one might use simple patterns like this to develop trading and risk management plans and how to integrate information from shorter, more tradable time frames into the analysis. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
NYSE:SHOPEducation
by CMT_Association
5
Ugly Top // Has Broken Down from the Triangle.Shaven head red candle broke through the neckline today. At this moment the bottom of that red candle is almost shaven as well which would make it a bearish marubozu candle if this candle ends the session shaven on both ends. Shaven means no top wick or bottom shadow. This red candle also engulfed/swallowed yesterday's candle. The neckline of 1322 serves as a support level until broken and is a strong source of support. This pattern is not valid unless this neckline is broken with a confirmed downtrend. The neckline is broken but the confirmed downtrend is not in place. A bearish butterfly formed before the latest upswing. There are support levels that can kick in and save this so be sage. Popular stock. There is a pocket pivot at the break of the neckline which is positive (green triangle) No recommendation "Almost" is not measurable and does not mean a whole lot in the scheme of things )o:
NYSE:SHOPShort
by lauralea
2
Another Run for SHOPHi everyone, $SHOP has been overall bullish for a while trading inside our channel. It is ready now to test the bottom of our channel. It also corresponds with a disputed territory at around 1300 round price level. We can see that it previously acted as a Resistance area. Will it Hold? As per my trading plan, I will be waiting for $SHOP to confirm the support and look for buy setups. If you like the idea, do not forget to support with a like and follow. * ๐—ง๐—ต๐—ฒ ๐—ถ๐—ป๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐˜€๐—ต๐—ฎ๐—ฟ๐—ฒ๐—ฑ ๐—ถ๐—ป ๐˜๐—ต๐—ถ๐˜€ ๐—ฝ๐—ผ๐˜€๐˜ ๐—ถ๐˜€ ๐—ป๐—ผ๐˜ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฎ๐—ฑ๐˜ƒ๐—ถ๐—ฐ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ถ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฝ๐˜‚๐—ฟ๐—ฝ๐—ผ๐˜€๐—ฒ ๐—ผ๐—ป๐—น๐˜†! ๐—”๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ฐ๐—ผ๐—ป๐—ฑ๐˜‚๐—ฐ๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ผ๐˜„๐—ป ๐—ฎ๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฟ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต.
NYSE:SHOPLong
by preduta