Costco: ⬇️ Sell

– Costco broke round support level 900.00

– Likely to fall to support level 870.00

Costco recently broke sharply below the round support level 900.00 (which stopped the previous waves a and b in September and October).

The breakout of the support level 900.00 accelerated the active impulse wave 3 of the intermediate impulse wave (C) from August.

Given the overriding daily downtrend, Costco can be expected to fall to the next support level 870.00, former strong support from April and the target for the completion of wave 3.