Wendy's $WEN has been bullish in August, but is paring those gains in a hurry. This decline followed news that the fast-food chain will be rolling out a breakfast menu in 2020. Here's an overview from businessinsider.com:Wendy's shares tanked after the restaurant chain announced it will invest $20 million to expand its breakfast line across all US locations.The company's announcement led it to lower profit expectations for 2019. Wendy's now expects adjusted earnings per share to drop by 3.5% to 6.5%, after previously forecasting growth between 3.5% and 7%.The chain expects to hire about 20,000 new employees as part of the expansion.In my opinion, the current pullback could be a good opportunity to buy-on-the dip.WEN Daily Chart(click to enlarge)Pullback:- The reaction during the 9/10 session was sharp, accompanied by very strong volume.- I think this is going to initiate a period of consolidation.- I would not be surprised if this pullback extends longer towards $18. - But I think the $18-$18.50 area, which was a previous resistance, will become support.- I already opened up a small position at $20, but have dry powder for $18.25. - We will probably see a period of consolidation before WEN gets back into a bullish trend, so I don't think we have to rush. But I wanted to make sure to get some exposure just in case the market does open up a V-shape bullish reversal after this current flush-out of weak hands.- Also, even within a period of consolidation, I think there could be upside towards $22.