Now that we have Wave 3 confirmed at the 1.618 Fib, we can add in the 0.38 Fib which is the level we always expect and set for a Wave 4 pull back.
A pull back to $428 and holding here would set $LULU up nicely to move up to our Wave 5 target of $560 which would be an impressive climb.
I am a big fan of the brand and their fundamentals, also I have enjoyed counting this chart for the last year too.
I would consider a position here at our Wave 4 target.