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

Walmart Inc. (WMT) Daily Chart Analysis

Walmart Inc. (WMT) Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave {iv}

Direction: Upside into wave {v}

Details: Wave {iv} appears to have completed as a three-wave corrective move. However, the potential for a five-wave decline or a more complex wave (B) structure remains. A confirmed pivot above recent lows is essential to validate the end of wave {iv} and strengthen the bullish Elliott Wave outlook for Walmart stock.

Walmart Inc. (WMT) Elliott Wave Analysis – Trading Lounge 1 Hour Chart

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (i) of {v}

Direction: Upside into wave (i)

Details: Walmart's short-term chart reveals a nearly complete five-wave impulsive advance in wave (i). A decisive break and hold above the $100 Trading Level would confirm the bullish wave count, supporting the Elliott Wave forecast for continued upward momentum.

Technical Analyst: Alessio Barretta

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