Jump to content

Walmart Inc. (WMT) Stocks Elliott Wave Technical Analysis

Recommended Posts

WMT Elliott Wave Analysis Trading Lounge Daily Chart,
Walmart Inc., (WMT) Daily Chart
WMT Elliott Wave Technical Analysis
MODE: Impulsive
POSITION: Minute {v}.
DIRECTION: Top in wave {v}.
DETAILS: We are looking for a five wave move into Minute {v}, considering {iii} was near equality of {i}, we could expect an extension in wave {v}. We also just surpassed 0.618 {v} vs. {iii}, with equality being the next target at 72$.
WMT Elliott Wave Analysis Trading Lounge 4Hr Chart,
Walmart Inc., (WMT) 4Hr Chart
WMT Elliott Wave Technical Analysis
MODE: Impulsive
POSITION: Wave (iv) of {v}.
DIRECTION: Bottom in wave (iv).
DETAILS: We see volume increasing on the moves up of wave (iv) which gives us additional confirmation we are in a corrective phase.  
This Elliott Wave analysis for Walmart Inc. (WMT), examines the current market structure and potential future movements using Elliott Wave principles. The analysis provides insights from both the daily and 4-hour charts to offer a detailed understanding of WMT's price action and anticipated trends.
* WMT Elliott Wave Technical Analysis – Daily Chart*
We are looking for a continuation of the five-wave move into Minute wave {v}. Given that wave {iii} was near the equality of wave {i}, there is an expectation for an extension in wave {v}. The recent surpassing of the 0.618 projection of {v} compared to {iii} suggests that the next target is the equality projection, which is approximately at 72$. This level could act as a significant resistance, and a potential completion point for wave {v}.
* WMT Elliott Wave Technical Analysis – 4Hr Chart*
The analysis indicates that wave (iv) is currently unfolding, and there is an increase in volume during upward movements within wave (iv), confirming that we are in a corrective phase. This suggests a consolidation or pullback phase before resuming the final leg up in wave {v}. The end of wave (iv) will set the stage for the last impulse to complete the entire wave {v} structure.
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Hi    when I try to buy the tickers SDIV and KBWD the platform does not allow me. This is strange as I have a broker account in France where I can easily buy these products. the MIFID retail legislation is related to CFD and margin, hence the reason must be different, can anybody help me?   Thanks
    • BOOM UP is the ultimate Game-Fi experience on Telegram, offering gamers a chance to earn real profits while immersing themselves in thrilling gameplay, unique art, and social interactions. Say goodbye to time-consuming games and hello to a world where fun meets profitability! By blending traditional gaming with the power of blockchain, BOOM UP is revolutionizing the industry and bridging the gap between Web2 and Web3. Get ready to dive into the future of gaming and experience a whole new level of excitement and rewards! Exciting news – BOOM UP is about to launch on Bitget, taking the crypto world by storm. Don't miss out on the chance to be a part of this groundbreaking project that's set to redefine the gaming and finance landscape. Get ready to level up with BOOM UP on on this exchange and unlock endless possibilities in the world of Game-Fi and NFTs!
    • As crypto adoption explodes in the EU, Bitget is fueling the flames with Builders Meetups – engaging events designed for both crypto veterans and newbies. Imagine learning from the Bitget EU COO Apprentice and crypto bigwigs, then building your network with fellow enthusiasts (potential friends or collaborators!). Plus, expert talks will boost your crypto IQ and there might even be free swag! Bitget goes beyond exchange, fostering the community through educational resources on Bitget Academy and a user-friendly platform that welcomes newcomers to the exciting world of crypto. The "Meet Bitget: Your Gateway to Crypto Trading" event in Bucharest, Romania on July 18th is your chance to dive in – registration is free! Don't miss out and spread the word.
  • Create New...