18.06.2024
The trend is descending. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.
Trading idea:
Sell when the formation of the downward wave structure starts, where the wave A breaches the sloping channel of the uptrend truncated structure.
Stop-loss under the local maximum of the ascending structure at 350.70.
Price targets at 341.50 and 326.65.
#homedepot #stock #tradersroom #daytradingpatterns #forexexpertadvisor
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