glennmercer
Long

Buy Whole Foods Market: Gartley + Wolfe Wave Confluence

NASDAQ:WFM   WHOLE FOODS MARKET INC
WFM             is nearing the completion of a bullish Gartley pattern. In the PRZ of the Gartley , a bullish Wolfe Wave structure is also emerging. Missed monthly pivots sit above price to add to the bullish bias. The overall trend is up, so this area could also serve as an ABC zig-zag EW corrective structure before the uptrend continues. SL is placed below X with targets at .618CD and the BC             terminus.

Confluence in the PRZ:

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quick question bro, why catch the impulse from 17.04 and not 3.80?
+1 Reply
Hi Ahmed, I'm not quite sure to which levels you are referring. The idea behind this trade setup is to catch the bounce from around $30 to about $46. Hope this helps.
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