March 21, 2019

A Different Technical Pattern Emerges In Shopify

We had a different technical pattern show up today in Shopify (Ticker: SHOP).  This pattern is called a swing breakout.

Click the video below as I explain the technical set up and how we employed a broken wing call butterfly to take advantage of this bullish trigger.

Follow me on Twitter @MikeShorrCbot

 

 

about the author:

Mike Shorr

Since 1994, Michael has been an on-the-floor market maker, Vice-President of Interest Rate Derivatives for Knight Financial Products and Director of Education and Options Instructor at Trading Advantage. He makes the oftentimes complex world of options and trading accessible to the novice and advanced trader alike. Michael has a Bachelor of Science degree in Statistics and Finance from the University of Illinois Champaign-Urbana. He presently is Director, Trader Education at ProsperTradingAcademy.

Read Similar Articles

https://www.prospertrading.com/the-week-ahead-move/The Week Ahead: MOVE!!!
October 11, 2026

The Week Ahead: MOVE!!!

This is the one week the entire Prosper roster is in the same room. Three days at The Wynn Las Vegas Resort – nine coaches, headline guests, live trading, and a floor full of traders leveling up together. WHAT IS “MOVING?” Wall Street ended higher on Friday as investors shifted their focus to ​this coming week, […]

Read Article
https://www.prospertrading.com/mike-shorr-big-3-100726/Mike Shorr’s Big 3 Trades on Schwab Network
October 9, 2026

Mike Shorr’s Big 3 Trades on Schwab Network

Mike Shorr joins Schwab Network’s Trading 360 to break down a broken wing butterfly on COHR, a ratio butterfly on BE, and an iron condor on NOW.

Read Article
https://www.prospertrading.com/scott-bauer-bizfirstam-100726/Scott Bauer: Why I’m Reluctantly Bullish on Today’s Market
October 8, 2026

Scott Bauer: Why I’m Reluctantly Bullish on Today’s Market

Scott Bauer joins Business First AM to share why he is cautiously optimistic while flagging a concentration risk hiding in the S&P.

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article