KlejdiCuni

Costco About To Complete a Harmonic Pattern

Short
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!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

✅MY Free Signals
t.me/TradingPuzzles

✅Personal Telegram
t.me/KlejdiCuni

✅YouTube
www.youtube.com/@TradingPuzzles
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.