5 waves down, Now ABC UP
Chewy looks to be at the end of a 5 impulse down. RSI on the weekly is showing a bullish divergence. I think the ABC correction will be in the works soon.
The Monthly chart also shows a bullish divergence on RSI. The higher the time frame the stronger the reversal will be on bull divs.
The Monthly chart also shows a bullish divergence on RSI. The higher the time frame the stronger the reversal will be on bull divs.
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