COST Elliott Wave Analysis
Costco is a membership-based warehouse retailer known for consistent growth, customer loyalty, and defensive characteristics.
COST forms steady impulse waves with low volatility. Corrections are shallow and brief. One of the cleanest wave structures in retail.
Key levels at Fibonacci extensions. Membership growth and same-store sales drive momentum.
COST relative strength during market corrections confirms its defensive wave structure character.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.