Pivotal point around the $112 level. Already corrected the necessary 22% in a bullish market however the most common retracement is down to the .382 fib.
Hope this helps.
Hope this helps.
Kommentar:
Going back and looking at more data..I believe Shopify will hit the resistance line faster and $110 will be the pivotal level which will determine the direction we move.
Kommentar:
Because Shopify decided to spend a few extra days consolidating we are back to the original $112 resistance I mentioned a month ago. We have already broken out of the downtrend and most indicators look positive moving forward.