Costco Wave Analysis – 4 February 2025

- Costco broke round resistance level 1000.00
- Likely to rise to resistance level 1050.00

Costco is rising inside the minor impulse wave 3, which previously broke the key round resistance level 1000.00, which stopped wave i at the start of December.

The active impulse wave 3 belongs to the higher order impulse wave (3) from the start of August.

Given the strong daily uptrend, Costco can be expected to rise to the next resistance level 1050.00 (target price for the completion of the active impulse wave 3).