WEN heads eyes on $17.26 for KEY support and maybe Bottom Marker

Oct 6, 2024

WEN has been dropping for some time now.
No idea why this dumping while MCD flying.
But this looks like a good spot to try buying.

$ 17.0-8 - 17.26 is the key support to hold.
$ 18.10 will be the immeiate hurdle to cross.
$ 19.75 wil be a major resistance and target.

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Oct 11, 2024

Trade active

We have IGNITION !!

Nice launch off our support zone.

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Zoom IN (m5)

Beautiful launch from top bound of support.
Popped past our first target/hurdle at $18.10.

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Adding a fib to the bounce:

First guess for target is 4.236 at $18.73.
But that requires flipping $18.10 into support.

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Oct 11, 2024

Trade active

First Target HIT

$18.73 on the NOSE. Take some profits. Trail Stop on rest.

See if we get a pullback for possible Re-buy.
Lets just say BOOM, and go get me a burger :)

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Oct 15, 2024

Trade closed: target reached

PING

Major Target hit, and EXACTLY Iof course).

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Zoom IN (m15) and adding our local fib again:

We have a SERIOUS resistance now.
Local golden fib reinforcing existing double fibs.

Scalpers and Swing traders should close most here.
Holders may sell some and look to buy back lower.

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Oct 17, 2024

Trade active

BOOM

Perfect Break-and-Retest of our resistance zone.
We are hung up on local fib and psuch val $20.00
Lets see if we get a pullback or break 20 round.

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