- Home Depot broke support zone
- Likely to fall to support level at 340.00
Home Depot recently broke the support zone located between the support level 352.00 (low of wave A from April) and the 61.8% Fibonacci correction of the ABC correction (2) from April.
The breakout of this support zone accelerated the active impulse wave 3 of the intermediate impulse wave (3) from May.
Home Depot can be expected to fall to the next support level at 340.00 (former support from the middle of April).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.