Symmetrical Triangle - Gap Fill- Update
CHWY still looking quite nice here- Big symmetrical triangle on the daily timeframe as well as what appears to be an inverse head and shoulders forming. Bullish and will be looking for a breakout from this wedge- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
- Reclaimed the 50-day EMA and seemingly looks like it will reclaim the 100 and 200-day EMA's as well
- Symmetrical Triangle on the Daily Timeframe
- Bollinger Bands Squeezing (Not Pictured)
- Falling Wedge on the Hourly Timeframe (See Attached Chart Below)
- Gap fill on the upside
PT1- $75.89
PT2- $77.94
PT3- $79.38
PT4- $80.53 + Gap Fill
Hourly Timeframe
https://www.tradingview.com/i/7Yizw37t/
Previously Charted
- Reclaimed the 50-day EMA and seemingly looks like it will reclaim the 100 and 200-day EMA's as well
- Symmetrical Triangle on the Daily Timeframe
- Bollinger Bands Squeezing (Not Pictured)
- Falling Wedge on the Hourly Timeframe (See Attached Chart Below)
- Gap fill on the upside
PT1- $75.89
PT2- $77.94
PT3- $79.38
PT4- $80.53 + Gap Fill
Hourly Timeframe
https://www.tradingview.com/i/7Yizw37t/
Previously Charted
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