CHWY
Looking soft.
CHWY in existing downtrend under 200.
What looks like a Double top formed with a neckline support at 37.00
The neckline was broken, and price has pulled back to it. Price will look to continue downtrend.
Entry: 33.10
Stop loss: 39.45
Target: 23.15, +29.36%, 1.44 RR ratio
Looking soft.
CHWY in existing downtrend under 200.
What looks like a Double top formed with a neckline support at 37.00
The neckline was broken, and price has pulled back to it. Price will look to continue downtrend.
Entry: 33.10
Stop loss: 39.45
Target: 23.15, +29.36%, 1.44 RR ratio
Trade active