TradingView
HolleyIG
Apr 8, 2024 8:22 PM

FND - B wave pivot to head and shoulders Short

Floor & Decor Holdings, Inc.NYSE

Description

Something a bit different from the 5th wave pivot. This B wave pivot from the bottom range of a rising wedge may result in the formation of the top right shoulder of a head and shoulder pattern. Worth watching for two reasons. The b wave up and the c wave correction.

Raising wedge. Bearish
ABC elliot wave. Bearish
Head & Shoulder. Bearish

B wave target 129
C wave target 88
More