The goal of studying a market is simple: To put yourself "in a good investment, or in a good trade."
That's how Robert Kelley, instructor at Elliott Wave International's Trader's Classroom, puts it in this new video about the stock of the U.S. "big-box store" leader, Costco Wholesale (COST), that you're about to enjoy.
Since 2009, COST has gone up in almost a straight line. That certainly fits the definition of a "good investment." In the video, Robert explains the Elliott wave pattern that propelled COST to where it is today, shows what Elliott waves suggest for COST next -- and even pauses to give you a chance to label the price pattern on your own (and then shows you his wave count).
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