1 mins read
Home Depot: ⬇️ Sell
– Home Depot broke support zone
– Likely to fall to support level 370.00
Home Depot recently broke the support zone between the support level 382.00 (which stopped the wave (iv) at the start of August), support trendline of the daily up channel from April and the 61.8% Fibonacci correction of the upward impulse from July.
The breakout of this support zone accelerated the active medium-term impulse wave (3).
Home Depot can be expected to fall further in the active impulse wave (3) to the next support level 370.00 (target price for the completion of the active impulse wave (3)).
Source: https://fxpro.news
