$HD weekly chart ABCD harmonic. Post-hurricane idea.

10월 11일

HD

HD, LOW, and WMT tend to perform well following natural disasters.

Here I have a nice ABCD harmonic setup taking us to 442.05 (1.618). We are currently trading @ 411. This is a 7.45% implied move higher.

Once we arrive to the pattern completion @ 442.05, I'll reevaluate, reduce long exposure, and assess a short setup for a standard retracement following the harmonic pattern completion.