WMT Elliott Wave technical analysis [Video]

WMT Elliott Wave analysis

Function:Trend.

Mode:Impulsive.

Structure:Motive.

Position:Wave {iv}.

Direction:Upside into wave {v}.

Details:A three-wave move in wave {iv} may be complete. There is still a possibility of a five-wave decline or a complex (B) wave forming. Confirmation of wave {iv} completion is needed to re-establish a bullish bias.

Function:Trend.

Mode:Impulsive.

Structure:Motive.

Position:Wave (i) of {v}.

Direction:Upside into wave (I).

Details:A five-wave impulsive structure appears to be near completion. A confirmed break above the $100 Trading Level is required to turn bullish with greater confidence.

Technical Analyst:Alessio Barretta.

WMT Elliott Wave analysis [Video]