The bullish view on $WMT interprets the move down from August as a correction, not as change in major trend. It is approaching a level where it may find support as it’s where the two legs of the correction will become equal in length.If it finds support there, we may expect a rally to the orange box above.

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On my interpretation, $WMT has further upside potential.

Based on counts, its channel and other structure, we can generate several targets.

1. The inverse head and shoulders provides a target of almost $162,
2. The third minuette wave (orange) may take it even higher than that, and
3. Minute (blue) 3 should see the channel top again.

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Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.

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