EmpowerTrader
Short

Shopify Clean Channel Potential Reversal

NYSE:SHOP   SHOPIFY INC
Trade Idea: Bearish Reversal
Price has been consolidation at the edge of the channel for almost a week now, indicating that price is exhausting its bullish swing.

Trade Step-up: Short
Price rejects a breakout from the current channel trend. Look for a reversal to 140.00 & 125.00. Stop loss at 165.00.
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