Possibly Time to Nibble on $CHWY

On $CHWY, I see a 3-wave decline from its high that takes us into the 50-61.8.% retracement of the prior advance (big orange box). The recent leg down (orange c) has the appearance of a 5-wave structure and is diverging nicely here. It’s corrective period may be over, but even if it is not, we may, at the very least, expect a relief rally to the orange box above us. That is my target.


Read more “Possibly Time to Nibble on $CHWY”

Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.