LULU head and shoulders pattern broke the neckline, within a falling wedge pattern. We may see a breakout of the falling wedge pattern before the year ends, but could be a false breakout, which means our next target is 80 at the longest term support.
Then again, Nike has broken its long term support recently and they are both effected by the same problems
LULU you all really dont know where its going do you lol....if it breaks 195, we are talking to 183 then 167....if you down stock you should always hedge and again ,realise the rotation of money of rrg graph shows money rotating out of this sector....minimally know that..it broke a huse diagonal resistance of 5 years....HL to LL obvious it was coming..elliot wise we are looking at 175 range which is consistent with the volume profile levels....much more pain to come...perfect macro wyckoff structure for distribution...discount zone ends at 183...anything beyond that may be a quick wick....but i still see a wave IV next to test the support line it broke then a final wave v