SHOP has started new motive rally from 1005.14 on 26 Mar 2021 and so far has completed wave (1), wave 1, 2,3 and probably wave 4 of (3) and now is probably completing wave 5 of (3) which will terminate at two proposed strong resistances which are 1641 and 1710. After completing this up going wave, there will be a short opportunity to catch wave (4) down to 1405 , 1333 and 1260 corresponding to 0.382, 0.5 and 0.618 Fibonacci levels respectively.After that, another and last up going wave (5) will start.
After making a new ATH , there will be a great short chance down to prices below 1000. Who wants to miss the chance?
Please note that, this is the most probable scenario for now. Should it need any update, it will be done later.
We are prepared in advance to make profit. We trade smartly and objectively. We see the chances but never jump into the trade blindly. Right?
We are on the way to become a millionaire? Right?
Wave b may be completed. Correction may end at 1413. Are we prepared in advance?
I know Shopify since it's IPO and know it's trading patterns. Their ER is coming up next week, that could precipitate a sell off as it tends to do. BUT... could create a buying opportunity for the BFCM thrashing.
With ER just 2 days away, I'd say this might settle in the 1500's and depending on the ER, will determine if we see that shot to the 1700's or back to your lower price predictions. With that being said, I told at 1623 and 1617. I'll hold that until I see where we're at next week with this.