02Dec
Costco Wholesale Corp., Elliott Wave Technical Analysis Friday 02 December 2022
Costco Wholesale Corp., Elliott Wave Technical Analysis Friday 02 December 2022
4 Hour
Costco Wholesale Corp COST: 4-hour Chart, December 2 2022
Costco Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: We managed to have a sudden reaction lower off equality of {a} vs. {c} which is why it is crucial to look for waves relationship when you are looking for both entry and exit strategies.
COST Elliott Wave count: Wave {i} of 3.
COST Technical Indicators: Below all EMAs.
COST Trading Strategy: As we have a peak of volume exactly where we stand I would be looking for a pullback higher to start soon, and look for additional shorts from there.
Daily
Costco Wholesale Corp., Elliott Wave Technical Analysis
Costco Wholesale Corp (COST:NASDAQ): Daily Chart, December 2 2022,
COST Stock Market Analysis: We finally had the down move we have been anticipating for quite some time now. At this point we haven’t necessarily entered wave 3 however we can look for the structure of the next upward pullback to check whether it’ll be a three or five wave move.
COST Elliott Wave Count: Wave {i} of 3.
COST Technical Indicators: Moving averages are starting to cross.
COST Trading Strategy: Looking for shorts on the pullback in wave {ii} with invalidation level marked up where the red line is.
About the Author
Related
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like e are in wave 2 of iii which seems to...
Read More >
Stocks bullish until Wednesday/Thursday which are the corrective swing days in TradingLounge's B...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - It seems like we have five waves down into wave {a}...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we down move is not completed yet as...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - As you can see we can identify a five wave move int...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - We could potentially have finished wave a and be in...
Read More >
You need to login in order to comment