COST Daily - potential Inverse Head & Shoulder
COSTCO daily seems to be forming Inverse Head and Shoulder Pattern.
I think we either base at 555 or 550 at the minimum to complete the right shoulder and head towards 570.
Costco reports Earnings on 26th September.
Inverse H&S valid as long as we hold 550 on the daily. If we lose 550, cut the trade and will re-enter again if it goes above 550.
I think we either base at 555 or 550 at the minimum to complete the right shoulder and head towards 570.
Costco reports Earnings on 26th September.
Inverse H&S valid as long as we hold 550 on the daily. If we lose 550, cut the trade and will re-enter again if it goes above 550.
Note
made day high of 369. I had to lock 30% gains on the OCT Monthlies 570c due to FOMC. looking back, glad I did close before FOMC
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If you like my work and would like to appreciate, then give me a follow me on X (formerly Twitter)
x.com/adkis7
x.com/adkis7
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.