Triple Bottom/Pull Back FishingHome Depot fell from appears to have formed a head and shoulders top and has fallen quite a bit.
Triple bottom noted and prices are very close at the 3 bottoms.
If I were to enter this I would place a stop below lowest bottom/298.40. Bottoms are hard to call though especially with the market in a downtrend as of late.
The top has fallen to the 100% mark but can fall to a greater fib level. You can measure from the head to the neckline and project it down to find the 100% mark. Tops can fall less or more than this.
LOW and HD trade very close together. When one moves, the other seems to go with it.
The long and short term moving averages look bad right now.
No recommendation