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KlejdiCuni
Feb 14, 2024 2:44 PM

Costco About To Complete a Harmonic Pattern Short

Costco Wholesale CorporationNASDAQ

Description

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❤️
Comments
tradewipeout
I will add that the avg price is quite far which is probably according to a correction time
AlloysK
Beautiful 👌🏽
KlejdiCuni
@AlloysK thank you
Babenski
Nice analysis
KlejdiCuni
@Babenski thanks
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