WFM is Ready for Continuation of its May-June Recovery Period

My intermediate-term pattern work argues that Whole Foods Market, Inc. (WFM) completed a major corrective period form its Oct 2013 high at 65.59 to its May 2014 low at 37.05.

My near-term pattern work argues that the first upmove of an emergent significant recovery period ended at June 13 high of 42.90, and Tuesday low at 38.72 ended the minor correction of the near-term advance.

If my work proves accurate, then WFM is the initial phase of a secondary recovery advance that projects to 46.00-47.50 next.