Weekly=Bullish.
Daily=Bullish.
4H=Bullish.
4H broke out of triangle/pennant pattern for a bullish breakout. Expecting price to pullback to 50% or 61.8% fib level and continue up. If not price will continue from 38.2% where its currently at. Looking for swing level of 18750 & 19000 before major pullback.
Breakout buy is above 18477 on 4H.
Shopify is emerging from a beautiful Stage 2 base.
SHOP is up more than 100% since the start of a year – a clear sign this is a market leader.
Notice how volume is higher on the rallies up and lower when the stock pulls back. This is a subtle clue that buyers are in control and the smart money is building a position.
The breakout on Thursday came on 2X its...
