In his “3 Favorite Trading Setups” course, EWI senior analyst and instructor Robert Kelley teaches you the wave setups he trusts the most — including this Elliott wave triangle setup he called in COST in real time:
“Costco looks like a nice triangle on the bigger picture. Overall, I think it should bottom soon and go up to new highs.”
Contracting triangles are often easy to spot because of their range-bound and sideways movement. The pattern contains five overlapping waves that are labeled A-B-C-D-E. Each of the five waves subdivide into three waves. Once complete, you can expect a thrust beyond the origin of wave A.
Result: Costco’s price thrust to new highs as forecast, more than doubling!
Limited Time: Get FREE access to “Robert Kelley’s 3 Favorite Trade Setups”
In his popular 1-hour trading course, Robert Kelley teaches you the same 3 setups he looks for in his own charts when trying to spot a market opportunity. He likes these particular setups because they’re high-confidence, low-risk, and easy to spot.
You can learn all 3 today!