Buy Whole Foods Market: Gartley + Wolfe Wave Confluence

Oct 23, 2015

WFM is nearing the completion of a bullish Gartley pattern. In the PRZ of the Gartley, a bullish Wolfe Wave structure is also emerging. Missed monthly pivots sit above price to add to the bullish bias. The overall trend is up, so this area could also serve as an ABC zig-zag EW corrective structure before the uptrend continues. SL is placed below X with targets at .618CD and the BC terminus.

Confluence in the PRZ:

• Bullish Gartley pattern completion
  
• .618XA (Orange)
  
• 1.272BC projection
  
• AB=CD
  
• Missed monthly pivots above price
  
• Bullish Wolfe Wave setup
  
• Overall uptrend
  
• RSI Oversold
  

Thanks for viewing and please don't forget to click the thumbs up button and follow for future updates and more trade ideas!

Dec 27, 2015

Trade active