Costco Wholesale Corp., Elliott Wave Technical AnalysisCostco Wholesale Corp., (Nasdaq: ): 4h Chart 11 December 2023COST Stock Market Analysis: We have been monitoring the upside in Costco as we seemed to have a group of waves 1-2 nesting. We are now looking at a count that suggests Minute wave {ii} is in place and we are now waiting for a pullback in wave (ii) to then look for longs. COST Elliott Wave Count: Wave (i) of {iii}.COST Technical Indicators: Above all averages.COST Trading Strategy: Looking for longs after a pullback in wave (ii). Analyst: Alessio BarrettaCostco Wholesale Corp., COST: 1-hour Chart 11 December 2023Costco Wholesale Corp., Elliott Wave Technical Analysis COST Stock Market Analysis: Looking for a potential top already in wave (i), if not we could be close. After that we could see further downside into wave (ii) to then find support on 600$. COST Elliott Wave count: Wave v of (i).COST Technical Indicators: Above all averages.COST Trading Strategy: Looking for longs after a pullback in wave (ii).More By This Author:
Elliott Wave Technical Analysis: Costco Wholesale Corp. – Monday, Dec. 11
