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EuroMotif
Feb 5, 2024 2:45 AM

COST heads up at $730 then 780 final target? Costco projections 

Costco Wholesale CorporationNASDAQ

Description

Costco has been flying thru ATH levels with gusto.
Now approaching a confluence of fibs around $730.
Higher up is a cluster of 3 "Golden" fibs around $780.

Plotted above are three different fib sets (waves).
Thick lines are the <deleted> (click for full chart).
Each fib alone could turn price, confluences more so.

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Comment

1st target achieved:


Zoom IN (1min) for a closer look at the zone and PA

We see a couple of "Pings" (exact reflections) on the lower bound of our zone, so fib is connfirmed.

No signs of "rejection" yet but expectable staggering after hitting the zone.
Tomorrow is a Friday before 3-day weekend in US, so maybe we will see some profit taking.

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Comment

Per the title of this Idea "..$780 final target" was spot on

Another top NAILED by the fibs.
Certainly "a" top if not "the" top.

I have posted an updated Retrace map in this NEW IDEA:


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