Costco Wave Analysis – 2 November, 2021

• Costco rising inside impulse waves 3 and (5)

• Likely to test round resistance level 500.00                                                             

Costco continues to rise inside the minor impulse wave 3 of the intermediate impulse sequence (5) from the start of October.

The price earlier broke through the key resistance level 468.00 (former Double Top from September).

Given the clear daily uptrend, Costco can be expected to rise further toward the next round resistance level 500.00 (target for the completion of the active impulse wave 3).