Costco Wave Analysis – 15 November, 2021

• Costco broke round resistance level 500.00

• Likely to rise to resistance level 540.00                                                                  

Costco continues to rise after recently breaking above the key round resistance level 500.00 (which was set as the likely upward target in our earlier forecast for this instrument).

The breakout of the resistance level 500.00 accelerated the active short-term impulse wave (3).

Given the prevailing daily uptrend, Costco can be expected to rise further toward the next resistance level 540.00 (target for the completion of the active the active short-term impulse wave (3)).