$HD TOP 20
Added 2023-05-01 05:00:17 +0000 UTCAt the start of the week we watched this reject at the 0.38 Fib as we expected, it dropped aggressively and then caught the positive wave of the market and moved higher, this is likely Subwave 2 of Wave 5 and we have the 200 Day MA just moving across to where we have Subwave 2 set, to act as a potential resisatance line.
MACD is showing that the bullish momentum over the last 2 months has slowed down and this looks to be moving bearish which coincides with our targets.
So What Now?
A rejection at the 200 Day MA then we could see this move into Subwave 3 and this should comfortably help move this trend towards our target. So far the count has been well structured and I am happy with what I see.
