Home Depot Inc
I placed a short quick trade after noticing
1. The up trend channel was broken
2. A gap to the down side at highs is formed
3. Previous swing low broken and stock made a Lower High and a Lower Low ( Good signal of a change in trend)
4. The Indicators - being Volume and Oscillators - changed to negative
5. Target to the weekly 50% Fib retracement
6. The broader market being the SPX and the NQ not in a strong uptrend too
1. The up trend channel was broken
2. A gap to the down side at highs is formed
3. Previous swing low broken and stock made a Lower High and a Lower Low ( Good signal of a change in trend)
4. The Indicators - being Volume and Oscillators - changed to negative
5. Target to the weekly 50% Fib retracement
6. The broader market being the SPX and the NQ not in a strong uptrend too
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.