$SHOP mapping a bearish 饾棓饾棔=饾棖饾棗 off the June 15 high.Shopify, Inc. Class ABATS:SHOPCEO_of_WaverVanir_Int_LLC饾棪饾棝饾棦饾棧 路 饾煭饾煴饾椇 路 June 21, 2026 SHOP mapping a bearish 饾棓饾棔=饾棖饾棗 off the June 15 high. 饾棪饾榿饾椏饾槀饾棸饾榿饾槀饾椏饾棽 A = 114.95 B = 106.19 C = 109.66 (0.618 retrace of AB, current rejection) D = 饾煭饾煬饾煬.饾煴饾煶 (target) The D level is confluent two ways. It marks the 1.618 extension of the AB swing and the 2.618 reciprocal of the BC leg. Two methods, one level. That confluence is the reason the target earns attention, not the pattern name. 饾棫饾椀饾棽 饾榿饾椏饾棶饾棻饾棽 饾椂饾榾 饾椈饾椉饾榿 饾椆饾椂饾槂饾棽 饾槅饾棽饾榿. C is an unconfirmed pivot. Price sits at 108.80, less than a point under it. A setup is not a fill. 饾棖饾椉饾椈饾棾饾椂饾椏饾椇饾棶饾榿饾椂饾椉饾椈 15m close below 饾煭饾煬饾煵.饾煭饾煹. That break opens the CD leg toward 100.57. 饾棞饾椈饾槂饾棶饾椆饾椂饾棻饾棶饾榿饾椂饾椉饾椈 15m close above 饾煭饾煬饾煹.饾煵饾煵. Above C, the pivot never formed and the short is dead. A pattern is innocent until the level breaks. Geometry proposes. The tape confirms. Paper analysis. No position held. Not financial advice. 饾棧饾椏饾椉饾棸饾棽饾榾饾榾 饾椉饾槂饾棽饾椏 饾椊饾椏饾棽饾棻饾椂饾棸饾榿饾椂饾椉饾椈. 饾棩饾椂饾榾饾椄 饾棾饾椂饾椏饾榾饾榿, 饾棶饾椆饾槃饾棶饾槅饾榾.