For another vantage point, consider that home depot inc’s price has gone up 9 of the previous 14 trading days.
This move is a reversal from the hour prior, which saw price move down.
This move happened on lower volume, as yesterday’s volume was down 4.65% from the day before — and down 10.72% from the same day the week before.
This is the 2nd straight hour hd has seen its price head up.
This is the 2nd hour in a row hd has seen its price head down.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
This is a reversal of the price action on the previous hour, in which price moved up.
This is the 2nd straight hour hd has seen its price head down.
Watch the chart closely and a potential spread wouldn’t be so bad.
It’s been a feast for bears operating on an hourly timeframe, as hd has now gone down 4 of the past 5 hours.