SUMMARY
The below chart of Domino's Pizza (DPZ) looks scary. This kind of move is not sustainable because as the impulse sequence has progressed, it's on the last one; wave 5 which is either already done or about to very soon. This is the kind of situation where a put option 6 months or further out would be attractive.
The sequence of ABC will be freightening to many as it'll likely occur as swiftly as the ascent had. The red C wave can retrace much deeper than as marked. What could cause this kind of a breakdown? I don't know but news or events shall arrive to justify the forecast.
Closeup shows that white wave 5 is pretty complete. The blue waves are saying the if any, incremental highs can be made as last ghasps of the bull flameout.
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