Home Depot (HD) – Potential C Wave Forming Within Uncertain Diagonal Structure
📉 Asset: Home Depot Inc. (NYSE: HD)
🎯 Direction: Bearish move toward $315 possible
✅ Target Zone: $315
📍 Current Status: Inside diagonal or skewed triangle formation
🔎 Replay / Chart:
🧠 Quick Analysis Summary:
Home Depot may be forming a structure that fits either an Ending Diagonal or a Skewed Triangle. From the $367 level, a C wave could initiate, potentially targeting the $315 area.
Traders should be extremely cautious—these formations are typically associated with high volatility and unpredictability. The current white channel may continue to produce unstable price behavior until confirmation appears.
📈 Outcome Summary:
If the pattern completes, a move toward $315 remains on watch. But until clarity is confirmed, price may remain erratic within the current channel.
