Costco Wave Analysis 14 October, 2020

• Costco broke two daily up channels

• Likely to reach 390.00

Costco continues to rise inside the accelerated upward impulse wave 3, which previously broke the two different length up channels from June and March respectively.

The breakout of these up channels accelerated the active impulse wave 3 which is a part of the multi-month upward impulse sequence (3) from June.

Costco is likely to rise further toward the next resistance level 390.00 (target price for the completion of the active impulse wave 3).