Walmart Inc.

WMT Short divergence + Elliot wave

117
On my previous idea, my wave count was correct on the 1H chart, the motive was a downtrend.

To add to the confirmation of a trend, there is a bearish divergence and towards the lowest prices we see 2 key areas of support/resistance.

My corrective waves were placed on these supports and I extended the 3rd wave, following the downtrend.

With this recent high price, evidence suggests price wants to fall to the previous area, a good opportunity to short.

Manage your own risk please :)

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