Costco – The ABC correction may have completed, with the final C leg forming inside a diagonal structure. A sharp drop started from $1,066. Traders should wait for a potential corrective reaction before entering a short position.
It’s important to note that as long as the diagonal channel remains intact, the zigzag structure can still extend. A clear break below the diagonal would confirm bearish continuation toward the $960 zone.
Update: The price action unfolded as expected ✅📈
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