Toll Brothers: ABCD completion with downside target at $38
Updated
Interest rates are up and new home sales are slowing. Weekly ABCD completion for TOL and declining volumes. Downside potential to test congestion zone at $38 which coincides with a 50% retracement of the CD leg. Do note this is a weekly chart and the tactical price action appears to be basing, so there could be a better price to be had for initiating any short.
Trade closed: target reached
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