The ABC pattern that defines Chipotle’s bull market is so clear (see inset) that it leaves us with but one choice of major targets: 858.72. That would represent a 24% gain from these levels, a fact that probably explains why the stock has been taking its sweet old time consolidating near the 665 midpoint Hidden Pivot. Notice that CMG is just a hair shy of breaking out above August’s all-time high at 697.93. It’s not the breakout per se that we should care about, but the nature of any pullback that occurs from above it, since the implied ABC pattern could conceivably be tradable with relatively little risk.  We don’t need to wait for this to happen on the weekly chart, however, since a 697.94 print even on the 5-minute chart would in theory give us a tradable pattern to work with. Getting long in this way could be tricky, so don’t hesitate to ask me in the chat room for real-time guidance if CMG should exceed the August peak.