BATS:CMG   CHIPOTLE MEXICAN GRILL INC
118 0 0
CMG             daily chart to go with my monthly analysis. Looks like were heading for the . 786 retracement instead of the 0.618. The Bearish crab completes around $398, but it will probably go to a solid $400. The pattern is perfect due to where it is. It coincides with the . 786 retracement from it's decline at the $440 level, which is a perfect (aside from .618) bearish retracement. It is a crab that completes at the top of it's most recent run upwards, as well as at the top of it's bullish channel it has been in since December of last year. In order for a more larger bearish move IT MUST REVERSE AT THAT 0.786 LEVEL. Otherwise the pattern is void.
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