Advance Auto Part - Potential Wolfe Wave
The daily chart shows a potential Wolfe Wave. It's not active, the upper line has to be broken on daily basis to activate the turquoise target line. Note that even if the pattern will be executed, in advance the share price may retest the level of the 5 or get even lower in the undershoot area. The pattern is long running.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.