We're riding the wedge top here going into earnings which in my experience is always when they dump either before market hours or sell off at the open. Do you think inflation will Mess with Homedepot guidance? I think it will but let's see what happens.
Volume has been decreasing on the weekly here which shows that less people are willing to buy as the wedge narrows.
On the daily its showing a Bullish flag, or a possible double top . The bollinger bands have tightened too on the daily which let's me know which ever way it goes it's goingto go big in that direction.
I'm bearish here because of the weekly picture but the daily picture makes me think they might pop it up and sell off at the open.
Adobe showed this same picture going into its earnings (See link). after their earnings they sold of 20% in 2weeks
Volume has been decreasing on the weekly here which shows that less people are willing to buy as the wedge narrows.
On the daily its showing a Bullish flag, or a possible double top . The bollinger bands have tightened too on the daily which let's me know which ever way it goes it's goingto go big in that direction.
I'm bearish here because of the weekly picture but the daily picture makes me think they might pop it up and sell off at the open.
Adobe showed this same picture going into its earnings (See link). after their earnings they sold of 20% in 2weeks
