Categories: Technical analysis

Home Depot Wave Analysis – 18 June 2025

Home Depot: ⬇️ Sell

– Home Depot broke support zone

– Likely to fall to support level at 340.00

Home Depot recently broke the support zone located between the support level 352.00 (low of wave A from April) and the 61.8% Fibonacci correction of the ABC correction (2) from April.

The breakout of this support zone accelerated the active impulse wave 3 of the intermediate impulse wave (3) from May.

Home Depot can be expected to fall to the next support level at 340.00 (former support from the middle of April).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Home depot

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