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tradingmago
Jul 4, 2020 4:22 AM

HD, Possible ABC Correction and Price target of wave 5 Short

Home Depot, Inc. (The)NYSE

Description

This is very speculative and is an early analysis of the Elliot pattern. Still early to know if we are in the ABC correction until we break the lows, Otherwise this will be discarded. But who cares! Thats what we do, we analyze and if we are wrong, we change our BIAS! that's the power of trading. And , I'm bored.... Short Term Bearish, Medium to Long Term Bullish (ahaha that's easy)

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Today was a close one, still on it, but I have less conviction today....We'll see

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more likely if we gap u, we will be putting a higher high therefore I will be exiting my position
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