Home Depot Trading Analysis (18/06/2024)

The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Sell when the formation of the downward wave structure starts, where the wave A breaches the sloping channel of the uptrend truncated structure.

Stop-loss under the local maximum of the ascending structure at 350.70.

Price targets at 341.50 and 326.65.

#homedepot #stock #tradersroom #daytradingpatterns #forexexpertadvisor