This is the 2nd straight hour home depot has seen its price head down.
As for how volume fared, yesterday’s volume was up 9.67% from the previous day (saturday), and up 28.8% from sunday of the week before.
This is the 3rd hour in a row home depot has seen its price head down.
The change in price came along side change in volume that was down 3.05% from previous day, but up 45.54% from the thursday of last week.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
For additional context, note that price has gone up 7 out of the past 14 days.
This move happened on lower volume, as yesterday’s volume was down 2.79% from the day before — and down 39.79% from the same day the week before.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.