Home Depot (HD): Would You be Buying?
SUMMARY
Here is Home Depot (HD) the arch nemesis of Lowes (LOW). Would you be a buyer at this point? The chart is showing that five waves are likely placed. Wave 5 went vertical and that is never sustainable. The key is as to how deep the correction might be. It usually regrades to prior wave 4 but yes, it can go deeper than that.
The subwaves have been filled in and shows that the highere degree of trend waves (white) are qualified. For now, I've labeled the ABC conservatively but given the needle peak of wave 5; there are no buyers to be found. The MACD is expected to rise for the B wave bounce and decline again with the C wave. Let's see what the next few months bring.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
nice post... i like this type post. carry on.
This haejin post has been downvoted, it is a @flagtarget.
READ: Resteeming @haejin's 8th 9th and 10th post of the day as target to be flagged.
They resteem 3 of @haejin's posts a day, and we concentrate our efforts on removing the potential rewards from those three.
Then @flagfund pays "The Braves" who flag those 3 posts every day, as you can see their posts are doing quite well.
Movements that are not sure many more buyers are waiting. At the time of steady movement people will start buying. This is just a prediction.
I would not be buying since the housing market is becoming overvalued. Statistics show that there are many cities like London and Toronto to name a couple that are about to pop. Another thing is only new investors look to buy such a bull run. I think its time for a correction.https://www.marketwatch.com/story/the-cities-on-the-verge-of-a-housing-bubble-san-francisco-isnt-one-of-them-2018-02-14
Good day haejin, Would you be a buyer at this point? The chart is showing that five waves are likely placed.
Looking closely at the chart , I don't think investors are ready to sell, most of them are hodling their stake anticipating a higher movement.
Looking from the chart and candle , the price movement from 2016 -2018 is doubled compared to 2012 - 2014.
@haejin we welcome you to join Steemspeak https://discord.gg/9dk97mP
hi friend
plz votes me
Welcome @haejin
That is great post
I appreciate your investment
I like this communits
Please Stop - @richardalom
You just said "great post" and in your your last 100 comments you used 39 phrases considered to be spam and you made this exact same comment 1 times. You've received 11 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 52.20% and Bot: 1.40%
Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.