Hornbach Holding - Wolfe Wave on the edge of a breakoutAfter 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.by NDD46Updated 1
HBH HORNBACH HOLDING find the right entry point - target 140€Either the wave (iii) is finished and the wave (iv) already corrected enough or the wave (iii) is extended and this is only the first wave that we completed. In this case, the correction could reach the red support One strategy may be to buy 50% at around 92 then reinforce either on the red line if that goes there (around 87) or above 100€ Longby FabienGoPublished 0
HBH long - Hornbach - target 140€trade idea: 5 (c) ii may be finished order @ 80,65 if that goes down to the 23,6% fibo stop @ 77 (wave 2) order > 87,35 (wave 4) which would confirm that the correction is over stop @ last low (wave 5) = 82,35 now Targets 103,95 110,95 144 long term Longby FabienGoUpdated 1