Elliott Wave Technical Analysis: Costco Wholesale Corp. – Tuesday, November 7

Costco Wholesale  Corp., Elliott Wave Technical AnalysisCostco Wholesale  Corp., (COST): 4h Chart 7 November 23COST Stock Market Analysis: We have been stuck in this correction in wave 2 for a while, as it became a double correction. It looks like we could have found support on 550$ and we are now resuming higher. Invalidation would stand on the bottom of wave 2.  COST Elliott Wave Count: Wave {i} of 3.  COST Technical Indicators: In between averages.COST Trading Strategy: Looking for upside into wave 3.   Costco Wholesale  Corp., COST: 1-hour Chart 7 November 23Costco Wholesale  Corp., Elliott Wave Technical Analysis
COST Stock Market Analysis: We are looking at wave {i} unfolding to the upside. Given the steepness of the up move, it seems to be trend establishing. Looking for a series of threes and fours.  COST Elliott Wave count:  Wave iii of (iii).COST Technical Indicators: Above all averages, 20 and 200EMA crossed.  COST Trading Strategy: Looking for longs into wave {i}. More By This Author:U.S. Dollar /Canadian Dollar, Day Chart, Elliott Wave Technical Analysis, Tuesday, Nov. 7
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