Walmart (NYSE: WMT) ended its rally from the April 2025 low triggering a larger degree correction. We mentioned this idea earlier this year in our previous article. Today, we explain the Elliott Wave structure unfolding now. Our analysis leads to the next potential investment opportunity.
Elliott Wave Analysis
WMT’s last rally from the April 2025 Blue Box unfolded as a five-wave advance. This move ended at $135, marking wave (III). From that peak, the stock began a three-wave zigzag correction within wave (IV). Price already established the first two legs, “a” and “b”. Consequently, as long as WMT stays below the recent June peak of $116.80, further downside continuation should occur within wave C.
Based on the a-b connector, WMT should reach the $100.50 – $86.63 Blue Box equal legs area. Therefore, buyers and investors should wait for this extreme zone. They will enter the market there and look for the stock to turn higher. It will either resume the rally in wave (V) toward new highs or bounce in three waves at minimum.
Walmart WMT Weekly Chart 08.03.2026
Conclusion
Walmart (WMT) weekly bullish cycle remains firmly intact. Therefore, this correction will create the next strategic buying opportunity before the uptrend resumes.
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