{"id":324934,"date":"2024-06-17T13:33:04","date_gmt":"2024-06-17T08:03:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=324934"},"modified":"2024-06-17T13:33:04","modified_gmt":"2024-06-17T08:03:04","slug":"costco-wholesale-corp-cost-elliott-wave-technical-analysis-video-crypto-news-2","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/costco-wholesale-corp-cost-elliott-wave-technical-analysis-video-crypto-news-2\/","title":{"rendered":"Costco Wholesale Corp (COST) Elliott Wave technical analysis [Video] &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>COST\u00a0Elliott Wave Analysis Trading Lounge Daily\u00a0Chart,<\/p>\n<p>Costco Wholesale Corp., (COST) Daily <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">Chart<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">COST Elliott Wave technical analysis<\/h2>\n<p><strong>Function: <\/strong>Trend.<\/p>\n<p><strong>Mode:<\/strong> Impulsive.<\/p>\n<p><strong>Structure:<\/strong> Motive.<\/p>\n<p><strong>Position: <\/strong>Wave 5. \u00a0<\/p>\n<p><strong>Direction:<\/strong> Upside in wave {iii}.<\/p>\n<p><strong>Details:<\/strong> Looking for upside into wave {iii} as we seem to have completed wave {ii} of 5 after\u00a0successfully completing the triangle in wave 4. \u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/p-638542067605104222.png\"><\/a><\/p>\n<p>COST Elliott Wave Analysis Trading Lounge 4Hr Chart,<\/p>\n<p>Costco Wholesale Corp., (COST) 4Hr Chart.<\/p>\n<h2 class=\"fxs_headline_medium\">COST Elliott Wave technical analysis<\/h2>\n<p><strong>Function: <\/strong>Trend.<\/p>\n<p><strong>Mode: <\/strong>Impulsive.<\/p>\n<p><strong>Structure: <\/strong>Motive.<\/p>\n<p><strong>Position: <\/strong>Wave (iii) of {iii}.<\/p>\n<p><strong>Direction:<\/strong> Wave (iii).<\/p>\n<p><strong>Details: <\/strong>Looking for upside into wave (iii), knowing we could switch to a more conservative\u00a0count where current wave (i) and (ii) is wave {iii} and {iv}. Equality of {iii} vs. {i} stands at 900$. \u00a0<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/p2-638542067818178544.png\"><img decoding=\"async\" alt=\"Chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/p2-638542067818178544.png\" style=\"width: 900px;height: 522px\" \/><\/a><\/p>\n<p>Welcome to our latest Elliott Wave analysis for Costco Wholesale Corp. (COST). This analysis provides an in-depth look at\u00a0COST&#8217;s price movements\u00a0using the Elliott Wave Theory, helping traders identify potential opportunities based on\u00a0current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on COST&#8217;s market behavior.<\/p>\n<h3 class=\"fxs_headline_medium\">COST Elliott Wave technical analysis \u2013 Daily chart<\/h3>\n<p>In our Elliott Wave analysis of Costco Wholesale Corp. (COST), we\u00a0observe an impulsive trend characterized by a motive structure. COST is currently\u00a0positioned in wave 5, specifically in wave {iii} of 5, indicating an upside move. After\u00a0successfully completing the triangle in wave 4, COST has finished wave {ii} of 5 and is\u00a0now poised to move higher into wave\u00a0{iii}. This wave is expected to gain momentum,\u00a0pushing prices upward as it unfolds. Traders should monitor the progression of wave\u00a0{iii} closely, as it may present opportunities for long positions, especially if COST\u00a0continues to show strength above key resistance levels.<\/p>\n<h3 class=\"fxs_headline_medium\">COST Elliott Wave\u00a0technical analysis \u2013 Four-hour\u00a0chart<\/h3>\n<p>On the 4-hour chart, COST is also following an impulsive trend within a motive\u00a0structure, specifically in wave (iii) of {iii}. The analysis suggests an upside continuation\u00a0into wave (iii), with an awareness that current wave (i) and (ii) might be a more\u00a0conservative count as wave {iii} and {iv}. This suggests that if the market confirms this\u00a0alternate view, COST could target equality of wave {iii} vs. wave {i} at $900. Traders\u00a0should be prepared for potential adjustments in the wave count and watch for\u00a0consolidation or corrective patterns that might precede further upward movements.<\/p>\n<p><strong>Technical analyst:\u00a0<\/strong>Alessio Barretta.<\/p>\n<h2 class=\"fxs_headline_medium\">COST Elliott Wave technical analysis [Video]<\/h2>\n<p><h2 class=\"fxs_headline_medium\"><iframe loading=\"lazy\" title=\"Costco Wholesale Corp. (COST) Stocks Elliott Wave Technical Analysis\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/4EZeQ_DjHsw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/h2>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>COST\u00a0Elliott Wave Analysis Trading Lounge Daily\u00a0Chart, Costco Wholesale Corp., (COST) Daily Chart. COST Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 5. \u00a0 Direction: Upside in wave {iii}. Details: Looking for upside into wave {iii} as we seem to have completed wave {ii} of 5 after\u00a0successfully completing the triangle in wave [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":324937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,800,307,255,250,252,247,253,249,308,256,254],"class_list":["post-324934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-elliottwave","tag-equities","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=324934"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324934\/revisions"}],"predecessor-version":[{"id":324939,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324934\/revisions\/324939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/324937"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=324934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=324934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=324934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}