Home Depot Wave Analysis 23 October, 2020

• Home Depot falling inside impulse wave (i)

• Likely to reach 275,00

Home Depot continues to fall inside the short-term impulse wave (i) which started earlier from the strong resistance level 291,00 (which stopped the earlier sharp uptrend at the end of August).

The active impulse wave (i) belongs to the downward impulse sequence C of the larger ABC correction (B) from August.

Home Depot is likely to fall further toward the next support level 275,00 (low of the previous minor correction (ii) from the start of October).