$Shopify(SHOP)$Lest discuss technically🤗

Some said this is it, buy dip while other see another drop with this stock because of market sentimentstill in fear stage. Well, both idea can be consider once you being a trader (no man's right coz nobody can control the market).

I'm about to discuss further in technical chart view about this stock from top to bottom analysis.

- Lets start with monthly view. On the chart, the appearance of bear controlling $Shopify(SHOP)$ start from end November with shooting star candle continued with end December strong confirmation bearsih engulfing candle. From this period until to date, chart present straight 3 candle which also known as 3 black crow (continuation trend exist), just that this month candle is not yet end, but how strong the rejection can be as we approach to end of month. 

The only good part about month view is short EMA20 still above mid EMA50 and stoch in oversold period. At the same time, the SnD zone suggest at level of 485.94 to 407.14 (Support monthly range).

On suggestion by my volume profile plot is at 303.13 price. To sum up this from point of support to volume profile approx. $192.27 can be float😅. 

- On weekly view chart, recent support range at 858.69 broken with 1 bearish mother candle which last week. A quite simple next support will be around 626.16 (which the SnD of RBR) or strong support will be as monthly view.

EMA of short20 and mid50 range currently pointing downand already switch position to downtrend period but for long range of EMA50 and EMA200 still suggest good to buy. 

For now, no sign of reversal by candle or pattern inweekly except stoch oversold.

My volume profile suggesting resistance 1066.10.

- Daily view chart shown bearish is strongly controlthe market, which on 16 feb 2022 gapdown withouteven test to re-fill it till date. Protecting price level for now as same as weekly range.

All EMA currently pointing down in signed of bearsih strongly lead the asset.

Base on this view, a small trader like that always fall in love with SHOPIFY will pull up some plan.

I will silently wait at 603 zone and wait for reversal signal which completely with candle reverse sign and chart pattern reversal. I cant rely on candle reversal only due strong bearish is controlling it. Doubleconfirmation are require.

On the way, if no sign, 407 to 303 will be my real focus, i will just wait reversal sign candle in monthlychart is good enough for me to join SHOPIFY and hold for the rise again.

TRUST ME, my analysis doesnt work all the time coz as I mentioned earlier no one can control the market that goes to me same. My only believe never predict the market, just react accordingly.

Anyway, business wise for SHOPIFY, no doubt it strongly in demand now and next coming few years. Thats MONSTER STOCK!!!.

Disclaimer Notice:

This article is just for discussion among trader for point of view only with no intention of influencing others call or sell in the market. 

What else trader can do when market in bear zone other than discuss😅 and the only thing trader know when bull zone in action is SHOW OFF😅

Feel free to comment ya. The writernis newbie

Happy trading guys