WMT Elliott Wave Analysis – Trading Lounge Daily & 1H Charts

Walmart Inc. (WMT) – Daily Chart
WMT Elliott Wave Technical Overview

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (iii) of {v}
• Direction: Upside in wave (iii)
• Details: A potential bottom in wave {iv} appears established, supported by a completed five-wave move in wave (i) followed by a corrective three-wave move in wave (ii). A confirmed acceleration upward is needed to validate the wave (iii) bullish structure.

Daily Analysis Summary

The daily Elliott Wave setup for Walmart suggests the formation of wave (iii) is underway. After concluding wave {iv}, price action has shown the necessary preliminary structure to launch the next impulsive leg. Confirmation of this count will rely on sustained upward momentum, reinforcing the emergence of wave {v}’s advance.

Walmart Inc. (WMT) – 1 Hour Chart
WMT Elliott Wave Technical Overview

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave iii of (iii)
• Direction: Upside in micro wave 3
• Details: The chart illustrates a potential bullish breakout via a nested 1-2, 1-2 setup, signaling strong momentum. A break above the $100 TradingLevel1 would support this wave count and imply higher short-term targets.

1H Analysis Summary

The 1-hour Elliott Wave perspective indicates an imminent acceleration within wave iii of (iii). The nested structure suggests growing bullish pressure. A confirmed move above $100 will act as a key validation point, aligning with the broader uptrend noted in the daily chart.

Technical Analyst: Alessio Barretta

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