Shopify bounces, but the structure remains bearish

Shopify is at week 22 of a sell signal, with the trade up 15% from the short entry. The week closed with a sharp 7.4% bounce driven by buyer dominance, breaking a streak of declines and sideways action. The lower highs structure remains intact, and price is now pressing into resistance in the 118–119 area — how price behaves there next week is the key question.