Anyone Like Pizza? DMP Setting Up for a Potential ReversalDomino's Pizza Enterprises LimitedASX:DMPjason_rpprtDMP is starting to look interesting across multiple timeframes. On the 1H chart, price has compressed into a descending wedge while forming a clear bullish RSI divergence, suggesting selling momentum is beginning to fade. The daily chart adds some nice confluence. Price recently broke out of its broader range and is now pulling back toward the breakout area, creating the potential for old sellers to become buyers. The 0.382–0.50 Fibonacci retracement zone around $18.65–$18.07 is the area I’m watching for support and a possible higher low. Momentum has also reset nicely, with the stochastic back near the lower end of its range, while OBV remains relatively strong, which is encouraging during the pullback. For me, the key now is confirmation. If DMP can hold this support area, form a higher low and break the short-term descending structure, the setup becomes much more attractive. Initial upside would be a retest of the recent high around $20.50, with a successful break opening the door for a larger continuation move. The main near-term risk is earnings on 26 August, which could obviously invalidate the technical setup very quickly. Watching for: support → higher low → wedge break → continuation. 🍕📈 Goodluck and happy trading🍀