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]
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