MisterG
Short

HOME DEPOT SHORT POSSIBLE

NYSE:HD   HOME DEPOT INC (THE)
8 0 0
Ok , here I see pretty nice opportunity to sell some stocks. In this particular case we have a nice full level of 108.00 reacting as a resistance. Market dropped a little after classic bearish engulfing pattern was formed at the level. Now we have a decent pin bar with a confluence of a few factors. Entry around 106 should be considered as the perfect one , but we never know what the market will do. This short depends on the opening of the next session. If HD             opens significantly lower than best action is no action at all , due to worse R:R situation. We will see tommorow. Trade safe !
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