Costco (COST) ABC Structure May Be Done – Reaction Expected Before Shorting

📉 Asset: Costco Wholesale Corp (COST)
🎯 Direction: Bearish bias after potential pullback
✅ Target Zone: $960
📍 Current Status: Watching for reaction after drop from $1,066
🔎 Replay / Chart:

🧠 Quick Analysis Summary:
An ABC structure may have completed with the C leg forming inside a diagonal pattern. A strong downward wave started at $1,066. Instead of entering immediately, traders should wait for a possible pullback before shorting.

Diagonal formations often lead to further zigzag price action unless the structure is broken. If the price breaks clearly below the diagonal support, the first downside target is $960. Below that, $879 may come into play.

📈 Outcome Summary:
Wait for a reaction after the drop from $1,066. A clean break of the diagonal opens downside toward $960, with potential for further losses.