Hornbach Holding - Wolfe Wave on the edge of a breakout
Updated
After the price slump following the last quarterly earnings hornbach consolidates. Given the daily chart this slumps was the 5 of a potential bullish wolfe wave now ready to break out.
Note
Get active but never reached the target line, know beyond the APEX in time and price and therefore DEAD!Holding some Hornbach as investment position, current level maybe a potential bottom level from the chart point of view
Note
One may check the last move to be a BnR pattern, will analyze it the next few days.
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