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Verbatim Community Citations & Social Evidence 2 source posts analyzed
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$SHOP Is the latest bounce a reversal or just a mature B wave? Elliott Wave Analysis #Shopify
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AI visual note: A candlestick chart of Shopify Inc. (SHOP) on the NASDAQ 12H timeframe shows an Elliott Wave count with labels (I-V) and sub-waves, alongside Fibonacci retracement levels (78.60% at 64.17, 61.80% at 80.27, 50.00% at 93.54) plotted across price levels ranging from approximately $50 to $475, with the current price at $149.17 and a resistance zone marked at $162.21. The technical analysis directly supports the post's question about whether the recent bounce represents a trend reversal or a mature B wave within the ongoing corrective structure.