dencor

SHOP - Possibly entering corrective wave

Short
NYSE:SHOP   Shopify Inc.
6/27
- Signs entering correction Wave IV
- Wave II retraced .382 of Wave I, Wave IV may retrace .618 of Wave III sharply in accordance to alternation guideline
- Bearish plays would be a counter trend trade against an overall very bullish stock, so manage risk accordingly.
- Short term bearish, long term bullish


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