$CMG Approaching Major Support – Buy the Dip or Breakdown?Chipotle Mexican Grill, Inc.BATS:CMGdisciplinetradingteamChipotle (CMG) just reported earnings and missed on both revenue and same-store sales. Transactions fell 4.9%, and the company lowered its full-year outlook — triggering a sharp decline on elevated volume. Technically, we’re approaching a major confluence of support near the $43 area (both diagonal trendline support and historical horizontal level). 🔻 Indicators currently suggest continued selling pressure, so traders looking to buy the dip should remain cautious. Trade Setup Idea: - Watch for bullish reversal patterns (engulfing, double bottom, trend shift) on 15min–1hr charts - Avoid premature entries; trend reversals often take time - CMG Confirmation > prediction 📌 Keep alerts set. This one’s worth watching closely. #CMG #Chipotle #TradingView #TechnicalAnalysis #SupportAndResistance #DipBuy #StocksToWatch