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.

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