Carvana … ‘Edge of The Wedge’

November 6, 2025 By in CVNA, Wyckoff 3 Comments

Measured Move

Carvana’s right at the edge of a (terminating) wedge that’s been years in the making.

Let’s not worry though; here’s a ‘fanciful’ report that says it’s a buying opportunity, link here.

If there’s one takeaway from using Wyckoff analysis, it’s to ‘ignore the news’, and let the market itself tell us the next likely direction.

So, let’s do that.

Carvana CVNA, Weekly

Well, there it is. The wedge

A measured move (not shown) puts the potential location of a wedge breakdown at approximately the 90.00 area (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279

3 responses

  1. While I think markets might hold up into year end, this is a short-trade I really like. There’s such a huge gap between the performance of CarMax and Carvana. And the short interest in Carvana has dropped a lot as of late. I remember it being north of 20%. Now I’m seeing a short interest as a percent of float at 8.17%.

    Liked by 1 person

    • I’m just seeing this comment now … sorry for the delay.

      It’s interesting that only yesterday, I mentioned the short interest without knowing about your comment.

      Of course, in a public forum I can’t say what I really think about them (CVNA), but if one read between the lines ….

      Today’s Carvana action did not break to the downside. So, we’re off to see where there may be another short opportunity. Obviously at a higher level.

      Looking at the comments on YouTube posts with analysists like Ed Dowd, Bert Dohmen, Chris Irons and so on, the natives are getting restless that nobody seems to know exactly what’s happening. Oh, by the way, those same natives want that information (if it even exists) for free. 🙂

      So, I’m keeping my eye on Carvana. We’ll see what price action decides to do next.

      Thanks again,

      Paul

      Liked by 1 person

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