16Dec
CostCo Wholesale Corp. Elliott Wave Technical Analysis 16 December 2022
CostCo Wholesale Corp. Elliott Wave Technical Analysis 16 December 2022
4 Hour
CostCo Wholesale Corp., COST: 4-hour Chart, December 16 2022
CostCo Wholesale Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: It looks like we could be in wave (iii) of {iii} which I would expect as a rapid move to the downside as it is unfolding.
COST Elliott Wave count: Wave (iii) of {iii}.
COST Technical Indicators: Below all averages.
COST Trading Strategy: Looking for shorts on the pullback in wave (iv).
Daily
CostCo Wholesale Corp., Elliott Wave Technical Analysis
CostCo Wholesale Corp., (COST:NASDAQ): Daily Chart, December 16 2022,
COST Stock Market Analysis: Costco has been moving lower as expected from the previous update and we are now looking at continuation lower into wave {iii}. The alternate could be a triangle in wave 4 of primary degree, to confirm the alt count we cannot break what is now lablled as wave 1.
COST Elliott Wave Count: Wave {iii} of 3.
COST Technical Indicators: Below all averages.
COST Trading Strategy: Looking for short into wave {iii}.
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