Corrective stance likely to be over

CAVA corrective 3-wave structure is confirmed after prices have broken above the overhead resistance and are likely to trend higher. The latest bullish bar is strong and is expected to see significant upside, especially if it can break above the immediate resistance at 145.78.

Ichimoku shows two out of three bullish crossover and stochastic has confirmed the oversold crossover. 23-period ROC has resumed the upside momentum and directional movement index is back to the upside.

Maintain long-term uptrend on CAVA