Whole Foods WFM (Whole Pay Check) is in a classic WXY pattern. Double triangles in the Wave B positions with a final move down into 19.56 projection. Projection is C. Brown style mirror projection from confluence resistance at 38.59 derived from the latest strong milestone lows near 30 (Red dash line)
Inside the triangle is sloppy risk control. Wait for a break and daily Close below the Ascending support trendline drawn across the triangle (B)(D) lows. Then short immediately. The opportunity is short into 19.56 target with stops above the (E) wave highs, wherever they come in for at least 2.0:1 reward. Then no fooling around at the target. Take profit immediately. Probable Bullish transition at that level.
This Short setup invalidates at any print above 38.59.
Inside the triangle is sloppy risk control. Wait for a break and daily Close below the Ascending support trendline drawn across the triangle (B)(D) lows. Then short immediately. The opportunity is short into 19.56 target with stops above the (E) wave highs, wherever they come in for at least 2.0:1 reward. Then no fooling around at the target. Take profit immediately. Probable Bullish transition at that level.
This Short setup invalidates at any print above 38.59.