SHOP: Red B Shattered! Sequence to Target C?

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SHOP: Red B Shattered! Sequence to Target C?Shopify, Inc. Class ABATS:SHOPSmellyTazShopify (SHOP) delivered a powerful response following its tap into the blue BC zone. While sellers were expected to step in and defend the red B zone to keep the broader bearish structure intact, they were completely overwhelmed. Buyers shattered the level with aggressive displacement, signaling a clear shift in control and giving the green light for this bullish sequence. As the move unfolds, close attention must be paid to the overhead red HTF WCL zone. This higher-timeframe weekly control level is a major structural resistance area where sellers are naturally expected to re-engage and attempt to halt the advance, making it a crucial obstacle price must navigate on its upward path. If price can successfully work through the HTF WCL zone, expectations favor the full completion of the sequence up to Target C inside the blue projection box. Monitoring price action at the HTF hurdle will be essential for managing risk as this expansion leg plays out toward its final sequence target.