ULTA: Doji Suggests the Pullback May Be Over — Next Leg Higher?Ulta Beauty Inc.BATS:ULTAibraheeemzSometimes the important part of a breakout isn't the breakout itself... It's what happens after the breakout. ULTA has been giving us an interesting sequence: 🔹 Broke out of the long-term falling structure 🔹 Ran all the way above $700 🔹 Pulled back sharply 🔹 Returned to $445 — the previous breakout level 🔹 Successfully retested that zone 🔹 Recovered and broke above $490 🔹 Reached $565 🔹 And now pulled back to retest the $490–500 area And this is where the chart gets interesting. 👀 🧩 The latest candle The weekly candle has formed a doji around the $495 area, almost exactly where the previous breakout occurred. That doesn't guarantee a reversal. But after a pullback into a former resistance-turned-support zone, a doji can indicate that selling pressure is losing momentum and buyers are beginning to defend the level. So I'm watching the next candle for confirmation. 🎯 Levels I'm watching 🟢 $490–500 — Key support / retest zone If this area holds: ➡️ $565 — first resistance ➡️ $578 — major resistance ➡️ $700 — previous ATH / major target And if price eventually clears the ATH with strength... 🚀 Discovery mode begins. ⚠️ What would invalidate the setup? A sustained move back below the $490 area would weaken the bullish continuation thesis. And a deeper break below $445 would be much more concerning, because that would mean the previous breakout/retest structure is failing. 🔥 The bigger picture What I like here is the structure: Breakout → Deep correction → Retest → Recovery → Breakout → Retest That's exactly the kind of sequence I want to see in a healthy bullish continuation. Now the question is: Was $565 merely the first bounce... or the beginning of the next leg higher? I'm watching $490–500 very closely. Hold the retest → reclaim $565 → challenge $578 → ATH back in sight. 👀📈 Not a prediction. The levels are the confirmation points.