RH is oversold following the "Liberation Day" on Trump tariffs, raised investors uncertainty on whether the company will be able or not to handle the tariff rises as it's in the textile industrie.
A higher tariffs could definitly affect the business but as Trump's vision to boost the industrial side of the USA, investors will trust the long term vision of the US...
After taking the highs of the ATH, strong supply came in faking out the break to the upside.
Price have a higher chance retesting the 2908 support before eventually continuing to the upside reaching the 3000$ psychological level.
