lonercapitalist

Wayfair is bullish

Long
lonercapitalist Updated   
NYSE:W   Wayfair Inc.
Unsure of where we are in the pattern but this stock has completed a WXY correction with waves W:Y being 1:1. The pattern seems to be angling higher. Based on wave ratio, it is likely to hit at least 950 dollars over the next yr or so.
Comment:
idea invalidated for now
Comment:
It's likely still bullish but the corrective pattern would be a triangle with a throwover wave 5, rather than a WXY. Watching closely.

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