Categories: Technical analysis

Costco Wave Analysis – 16 July 2025

Costco: ⬇️ Sell

– Costco broke the support area

– Likely to fall to support level 940.00

Costco recently broke the support area located between the pivotal support level 970.00 and the 50% Fibonacci correction of the upward impulse from April.

The breakout of this support area accelerated the C-wave of the active ABC correction (2).

Costco can be expected to fall to the next support level 940.00 (target price for the completion of the active C-wave).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Costco

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