Costco has formed a clear Head and Shoulders pattern within an ascending channel that supported price action since late 2023. The recent break below the neckline suggests a potential trend reversal and opens the door for a deeper correction.
Price has broken the lower boundary of the channel and is currently trading around $916.48. If bearish momentum continues, key support levels to watch are:
🔹 $876.47 – first reaction zone after the breakdown.
🔹 $788.38 – intermediate support.
🔹 $713.76 – measured move target from the H&S pattern.
The bearish outlook would be invalidated with a sustained recovery above the $1,000 area.
📉 Bearish bias remains as long as price stays below the neckline and inside the descending structure.
Price has broken the lower boundary of the channel and is currently trading around $916.48. If bearish momentum continues, key support levels to watch are:
🔹 $876.47 – first reaction zone after the breakdown.
🔹 $788.38 – intermediate support.
🔹 $713.76 – measured move target from the H&S pattern.
The bearish outlook would be invalidated with a sustained recovery above the $1,000 area.
📉 Bearish bias remains as long as price stays below the neckline and inside the descending structure.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.