Wingstop Inc.

wing potential 25% correction

145
wing has been amazing 500% gains . starting in 2020 we have seen a creation of a rising channel.since then every time we come to the red trend line we always see a retracement the last time we touched red support we seen a retracement of 60% now hear is where tings get interesting. if we take a look at our current price action we are siting on the 0.5 fib. From the high we came down 40% Now if we dont bounce off the 0.5 fib i can expect a retracement of another 20% down to the 0.382 which would land on the old high at 175 . if wing goes lower i would expect us to land on the lower green channel giving us 3 Confluence of support. also it looks as if we are in a abc wave down on higher time frames.also note that the last time we created a double top we had a 50% correction from top to bottom this current double top we only fell 30% and will likely see an additional 20% to some it up look for a potential entry only if we break down! note i work off higher time frame so we need a few weeks to see where we are headed. the moment i see a break i will update you immediately

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