03Nov
Costco Wholesale Corp., Elliott Wave Technical Analysis 3 November 2022
Costco Wholesale Corp., Elliott Wave Technical Analysis 3 November 2022
4 Hour Chart
COST Stock Market Analysis: It is pretty clear that the move up in wave {a} was a three wave move as shown.
COST Elliott Wave count: Wave (c) of {b}.
COST Technical Indicators: Below all EMAs.
COST Trading Strategy: Waiting for further developments, we will most likely get some kind of support within the area of wave ii of (c).
Daily Chart
COST Stock Market Analysis: Moving lower as predicted in the last forecast. We will have to find out whether we are already into an impulsive move such as in wave 3 or else we are still correcting wave 2.
COST Elliott Wave Count: Wave {b} of 2.
COST Technical Indicators: Reacted from the 200EMA.
COST Trading Strategy: Waiting for an upside move if we will eventually develop into a wave {c} or else if we break the green line we can start looking for shorts.
About the Author
Related
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for shorts into wave (E). We had a sharp mo...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - We do not have signs that the downside in wave {iv}...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - We are looking at a potential zone of support for ...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - As you can see it looks like we are extending into...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for more downside as labelled, we could st...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we could be in wave (iv) as we can se...
Read More >
You need to login in order to comment