Categories: Technical analysis

Costco Wave Analysis – 5 June 2025

Costco: ⬇️ Sell

– Costco reversed from the resistance zone

– Likely to fall to support level 985.00

Costco recently reversed down sharply from the resistance zone located between the key resistance 1080.00 (which stopped the previous impulse wave 5) and the upper weekly Bollinger Band.

The downward reversal from this resistance zone stopped the earlier weekly impulse wave 5 from April.

Given the strength of the nearby resistance zone and the bearish divergence on the weekly momentum indicator, Costco can be expected to fall to the next support level 985.00.

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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The FxPro Tech Analysis Team
Tags: Costco

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