In this post you will learn how to trade Chipotle (NYSE:CMG) using Elliott Wave analysis. I had sent these charts to members of the exclusive club on November 24, 2015 when the stock was around $559.The main idea was there was a good chance for a move lower after recovering to around $585. The stock reached $585.80 the following day. It moved slightly above 585 on December 1 and 2, but on both days it closed below $585. And then we got a 12% move down to $515 on 7 Dec.
This blog aims to share some of my techniques with you, so you too could refine and improve your trading style. Used in conjunction with my book “Five Waves to Financial Freedom” the numerous charts that are presented in WaveTimes will open your eyes to what is possible using Elliott Waves. Enjoy and share with your friends.
Chipotle Mexican Grill in Wave 2
Chipotle Mexican Grill in Wave 4
Chipotle Mexican Grill reaches Elliott Wave 5 target
Chipotle Mexican Grill sub waves illustrated
Chipotle Mexican Grill reaches target of sub wave 5 inside wave 5
Analysis of Chipotle Mexican Grill stock after a five wave move is completed
Dramatic wave 3 in Chipotle
Witness how a day trader can benefit from Elliott Waves using Chipotle stock as an example
See how Elliott Waves and Fibonacci ratio analysis tie in using Chipotle Stock as an example
How to anticpate the next move in Chipotle using Elliott Wave Analysis
9 Comments
Dear Sir Ramki : Thank you for sharing such knowledge, When I find new post I am always ready to jump in the boat and sail in your knowledge ocean , God bless in your health and wealth.
Hadi, Thank you very much.
The more I look at your charts the more I get convinced about your analysis Ramki g I hope similar analysis on nifty too in near future
I wish you all the best and stay healthy may this new year brings great fortunes in your life
Thanks once again Mr Ramki. Appreciate the ongoing instruction.
Tim, What greater pleasure can there be than to share one’s experience. Thank you for writing.
Thank you for sharing….
Mahesh, It is my pleasure!
Hi Ramki,
Do you have a pdf version of your book?
Thank you
Harish
Hi Harish, No. The only version that is published is the kindle edition on Amazon.com (also Amazon.in and other Amazon outlets. You can read the book on your laptop via the Kindle cloud reader and 5 other decvices