WMT Elliott Wave Analysis – Trading Lounge
Walmart Inc. (WMT) – Daily Chart
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.

Walmart Inc. (WMT) – 1 Hour Chart
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

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