Costco About To Complete a Harmonic Pattern

BATS:COST   Costco Wholesale
Costco About To Complete a Harmonic Pattern

Costco looks unstoppable since a long period of time.

It is one of those stocks that since Covid-19 the price increased by nearly +130% and it keeps rising.

At this moment I spotted this Bear Harmonic Pattern.
I am not expecting the price to move down like a rocket
but from this zone near 715 - 737 we can see any correction.

It is normal that someone will take profits time after time and I think that this is one of those moments, before Costco grows more.

If you are in this trade as a long term trader it is better to know that we may see any bearish correction.

You may find more details in the chart!
Thank you and Good Luck!

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