Domino's Pizza (DPZ): Warning! Red Halo Event Approaching!!

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.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

--

__