NASDAQ:SHOP Technical Analysis

Shopify Inc. — Technical Analysis & Chart Patterns

Six formations appear in SHOP's daily price history. A donchian breakout, bearish completed with a downward breakout on September 8, 2026; a fair value gap (fvg), bearish completed with a downward breakout on September 11, 2026; a spinning top, black printed a bearish signal on September 18, 2026; a Wyckoff markup phase has been under way since February 12, 2026; a head-and-shoulders top is currently forming and has not yet triggered; a marubozu, closing white printed a bullish signal on September 21, 2026.

Signal balance Bearish tilt

2 bullish (1) · 2 bearish (4.5)

Live signals only, weighted by each pattern's measured edge (proven counts double promising, which counts double unproven; confirmed breakouts count full, forming setups, phases and candles half). Trades that already resolved don't vote. 1 signal from negative-edge patterns excluded.

Patterns

last close, adjusted

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BREAKOUT UP

Wyckoff Markup Phase — Feb 12, 2026 to Sep 21, 2026

FORMING

Head-and-Shoulders Top — Jul 28, 2026 to Sep 21, 2026

BREAKOUT UP

Marubozu, Closing White — Sep 21, 2026 to Sep 21, 2026 · broke out on Sep 21, 2026

BREAKOUT DOWN

Spinning Top, Black — Sep 18, 2026 to Sep 18, 2026 · broke out on Sep 18, 2026

BREAKOUT DOWN

Fair Value Gap (FVG), Bearish — Sep 8, 2026 to Sep 11, 2026 · broke out on Sep 11, 2026

BREAKOUT DOWN

Donchian Breakout, Bearish — Aug 10, 2026 to Sep 4, 2026 · broke out on Sep 8, 2026

Detected on this chart: Wyckoff Markup Phase, Head-and-Shoulders Top (forming now), Marubozu, Closing White, Spinning Top, Black, Fair Value Gap (FVG), Bearish, Donchian Breakout, Bearish. Subscribe to Pro to see each one drawn on the chart with its trigger price, measure-rule target, stop and simulated trade result.

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