$COST TOP 20
Added 2023-04-02 21:57:41 +0000 UTC$COST is another haven during difficult times, it has bounced just above the bottom wedge line and is having difficulty trying to get back into the original smaller wedge, helped here by the 200 Day MA which has rejected the price action 4 times now.
A break above the whole wedge is bullish but I feel there is just too much to do here, considering the delicacy of the market.
Also Wave C is not complete, Wave A and Wave B are clear but Wave C has not come close to testing the low where Wave A finished and as we know, Wave C normally finishes lower than Wave A or at Wave A.
So What Now?
Watch for a rejection and wait for this to come down, below $450 and this is into the bear case, a drop into the bear case will reinforce Wave C and move this down to our buy zone.
