Rykin_Capital

Waitr Holdings is unsustainably oversold. WTRH

Long
NASDAQ:WTRH   Waitr Holdings Inc
Weekly chart has been oversold for a while now. There is room for respite before a possible next. We normally never trade B Waves, unless an exception such as this one occurs. Just look at how much space is there to even 0.236 retracement level. It is prudent to assume that B Wave is going to be a shallowest of the shallows, even though a fair proportion of them finish above the origin of Wave A.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Trade closed: target reached: First one 25th OCT