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$HD – At an Area of Interest –


HD closed the weekly candle with a bullish posture. Of interest is that gravestone doji from many sessions ago – it’s bearish pressure will remain until a weekly candle’s body can close over the top of this gravestone’s shadow at $347.25 – denoted with that red line.

The 3-day candle closed today and it failed to negate the bearish pressure from the bearish engulfing candle from 3 sessions ago.

The above 5-day candle will close next Wednesday, and so far it is bullish. In order for bears to have a chance at this region, they will need to defend that bearish engulfing candle from two sessions ago. They number for bears to reach is $332.62, anything higher, and bulls have the upper hand.

Today’s daily candle is another consolidation candle, and the daily time frame still remains under the pressure of that bearish engulfing candle.

PA should give us more clues as next week progresses, and Wednesday’s candle closure could set the tone for either bulls or bears.

Until then, sit and observe price.

Happy Holidays &


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HD closed the month with a bearish harami combo – this will require a confirmation with the next candle closure.

The daily landscape remains bearish, and today’s candle could have marked the top for this next leg lower.

Lower time-frames suggest a top could be in.

Given that larger time-frame candles have yet to align with these smaller time-frames, it is prudent to wait for a few more confirmations before going short via spot.

If one wanted to take advantage of this set-up, then picking up some puts in the am could allow one to take advantage of this potential trip towards that white line – keeping in mind there is a long weekend ahead and time decay will factor into your decision on which puts to purchase.

The 15-day candle that recently closed didn’t give a good signal to go short, and this is one of the main reasons for not electing a spot trade at this time.

This 3-day candle will close tomorrow along with the weekly candle – Both are currently bullish; we shall see how tomorrow unfolds.


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The 15-day candle closed as a doji, suggesting indecision.

The 5-day candle closed today as a piercing line, and if it is confirmed with the next candle closing over the body of the red candle, then a short term bottom will be in place.

Until the body of a daily candle closes over that yellow line, then the bearish pressure from that bearish engulfing candle will remain.

Still awaiting a trigger. Until then, just observing PA.


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The 15-day candle closes tomorrow, and if it remains as a bearish harami combo, then it will have a very similar set-up as the last significant top (circled).

PA is extremely close to the area of interest, and if a trigger to go short is identified, then the alert will be send to Discord followed by a write up that will be sent out as soon as possible. The above red path will be invalidated with PA above that white line.


Access to the Discord is free with any package offered by; packages start as low at $10/month.

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HD has a collection of bearish messages on the daily tf. The ones that stand out to me the most are the gravestone doji that was bearishly engulfed by the next candle. IMO – that’s a message.

Above is the weekly candle perspective with the EW count. The yellow (C), around $180, is the target – timing of late June 2024. So far, the weekly candle is a bearish continuation candle – I don’t foresee this changing by tomorrow’s close.

If the area of interest highlighted below can be visited, then there will be a set up to go short. Stop at recent highs of $338

In the Discord today, it was alerted to nibble at puts once PA reached that white (a), as this could have been all the retracement HD was willing to put in before exploring lower prices.

If one were interested in puts, then 21 June with a strike of $260 offers a decent play, IMO.

Long-term EW count is above. I will note that if this is indeed a Super-Cycle Wave Two (SCW2) for HD, then this SCW2 should be long in duration, suggesting this corrective yellow (ABC) is actually only the A wave of a much larger corrective cycle that will not end until the end of this decade or in early 2030s.


Trading involves risks, and you are responsible for your own actions. The above is for entertainment purposes only, and does not constitute a recommendation for this instrument or any other alike instruments.

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