$HOME has a great move up on the larger timeframe and, after a massive rip higher and return to orbit, prices are beginning to show that buyers are interested again.
Strong bull attempt that formed breaking a tight bull cycle higher, but right at the top of the channel after a higher low reversal from the bottom. A quick new high is likely to hit again, but not go very far as this tends to be a trap more than a breakout so a deeper dip for buyers is making sense here back to the channel lows.
Price is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the...
