SHOP (1D) - Dead Cat bounce coming ?
Hi Traders, its alredy some time since my previous Bearish analysis for Fintech and high Growth companies.
Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH.
Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss.
Stay safe (sane) and enjoy the ride ;)
Previous idea for SHOPIFY
Seems like we got first impulse on 1D chart. RSI is positively COnverging. What could mean a retrace after huge DIP for many stocks around (MINUS) 50 to 90% from ATH.
Yes, this will be probably quick / sharp retrace, most of the retail will get in too late just on top of Wave B. Be prepared and always use stop-loss.
Stay safe (sane) and enjoy the ride ;)
Previous idea for SHOPIFY
Trade active
Previous idea before Bear market started: 
Note
How to play SHOP short-term ? Always count subwaves + watch RSI divergencies/convergencies at smaller TF.
My expectation right now:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.