Buy Whole Foods Market: Gartley + Wolfe Wave Confluence

23 thg 10, 2015

WFM is nearing the completion of a bullish Gartley pattern. In the PRZ of the Gartley, a bullish Wolfe Wave structure is also emerging. Missed monthly pivots sit above price to add to the bullish bias. The overall trend is up, so this area could also serve as an ABC zig-zag EW corrective structure before the uptrend continues. SL is placed below X with targets at .618CD and the BC terminus.

Confluence in the PRZ:

• Bullish Gartley pattern completion
  
• .618XA (Orange)
  
• 1.272BC projection
  
• AB=CD
  
• Missed monthly pivots above price
  
• Bullish Wolfe Wave setup
  
• Overall uptrend
  
• RSI Oversold
  

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27 thg 12, 2015

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