HD Elliott Wave Analysis Trading Lounge Daily Chart,The Home Depot,(HD) Daily ChartHD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3. DIRECTION: Downside in Minor 3.DETAILS: Looking for downside into minor wave 3, with equality of 3 vs. 1 at 288. 
HD Elliott Wave Analysis Trading Lounge 4Hr ChartThe Home Depot, (HD) 4Hr ChartHD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {i} of 3. DIRECTION: Pullback in wave {ii}.DETAILS: Looking for a pullback in wave {ii} to then look shorts from. Volume diminishing suggests we could be near the end of {i}. 
Welcome to our latest Elliott Wave analysis for The Home Depot (HD) as of May 27, 2024. This analysis provides an in-depth look at HD’s price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on HD’s market behavior.* HD Elliott Wave Technical Analysis – Daily Chart*In our Elliott Wave analysis of The Home Depot (HD) on May 27, 2024, we observe an impulsive trend characterized by a motive structure. HD is currently positioned in Minor wave 3, indicating downside movement in Minor 3. The equality of 3 vs. 1 suggests a target at $288. The daily chart shows a bearish trend as we move into Minor wave 3. Traders should watch for price action near this level to confirm the continuation of the downtrend.* HD Elliott Wave Technical Analysis – 4Hr Chart*On the 4-hour chart, HD is following an impulsive trend within a motive structure, specifically in wave {i} of 3. The current analysis shows that we are looking for a pullback in wave {ii} to then.More By This Author:Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Monday, May 27
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