TSX: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; an order block (ob), bullish completed with an upward breakout on September 10, 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 fair value gap (fvg), bearish 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 (6)

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. 2 signals 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 10, 2026 to Sep 21, 2026

FORMING

Fair Value Gap (FVG), Bearish — Sep 4, 2026 to Sep 21, 2026

BREAKOUT UP

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

BREAKOUT UP

Order Block (OB), Bullish — Jul 31, 2026 to Sep 10, 2026 · broke out on Sep 10, 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), Fair Value Gap (FVG), Bearish (forming now), Marubozu, Closing White, Order Block (OB), Bullish, 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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