Home Depot, Inc. (The)
Short
Updated

Home Depot (HD) in Daily Chart

511
Hello
After Oct 2023 HD started to make a rally and now it seems that it is tired and reversed but I do not confirm a bearish market for HD unless I can count a bearish impulse wave. According to the chart, wave 1 and 2 minor ended and we in wave 3 unless it was an abc and trend continutes to its bullish movements.
What makes it clear for us is that we can complete 5 waves minor (Wave 1 Intermediate) and then its correction as an ABC (Wave 2 Intermediate) and after all these confirmations and also trigger break out, momentum, Ichimochu and MACD and RSI and .... (Whatever you have for your technical confirmations) we can get a SELL POSITION.
ENJOY THIS CHART
Thanks
Trade active
analysis is in progress and valid
Note
wave 1 or A has finished and we will have a bearish correction and then more down way corrections.
Note
It is following our calculation and you can get a good short if you want.
Do not forget to get in after trigger-break out
Note
did you get in ?
Note
I really want to see it with a huge GAP next week, how about you ?;)
Note
Wave (3) is in progress

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