Buyers seem to be losing steam in this range as there is a clear downtrend that can be seen in the 2-hour timeframe. The orange line is the AVWAP which is anchored from the starting point of the rally on June 15th.
Newer to TA so would appreciate any feedback. I know that the market is overall bullish on HD but the technicals are showing that there is some downward pressure at the moment.
Newer to TA so would appreciate any feedback. I know that the market is overall bullish on HD but the technicals are showing that there is some downward pressure at the moment.