SHOP: Correction Before ContinuationShopify, Inc. Class ANASDAQ:SHOPSmellyTazSHOP is sitting in the exact kind of spot where traders get trapped between stories. The monthly chart still leaves room for a much larger bullish continuation later on, but the weekly structure driving price right now does not look finished to me. That distinction matters. On the bigger picture, the monthly projection still points to a much higher continuation leg once this corrective phase is done. But on the weekly, price rejected from the B-leg and rolled over. Since then, it has been working lower toward the BC reaction zone rather than proving a completed bottom. That BC pocket sits roughly between 75 and 103, with the tighter weekly ABC target sitting deeper inside that area. So at current levels around 110, this is not attractive location to get aggressive on the long side. It is too late to chase old upside, and still too early to call the correction complete. My read is simple: Near-term bias: bearish into BC. Higher-timeframe outlook: bullish only after correction completion and structural reclaim. So until price trades into that BC zone and shows real acceptance with a proper reclaim, I treat upside as relief, not reversal. This is a location chart. Not a hope chart. First I want the downside objective completed. Then I want proof. Then I care about the bigger monthly continuation story. Not financial advice.