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COSTCO: Bearish Butterfly with PPO and MACD Bearish Divergence

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Costco Wholesale (BATS:COST)  
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BATS:COST   Costco Wholesale
Harmonic Patterns Technical Indicators Trend Analysis Bearish Butterfly bearishdivergence macdhiddenbearishdivergence retail consumerspending
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harmonicpatterns indicator trendanalysis bearishbutterfly bearishdivergence macdhiddenbearishdivergence retail consumerspending
Costco has formed a Bearish Butterfly that lines up with the 0.786 retrace and is testing the zone for the second time with PPO Bearish Confirmation Arrows on both tests, PPO Bearish Divergence, and MACD Hidden Bearish Divergence. This looks like it could be setting up to revisit the lower half of the range.

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