Costco About To Complete a Harmonic Pattern
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❤️
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❤️
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