Home Depot Wave Analysis – 18 June 2025

- 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).