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NDD46

Hornbach Holding - Wolfe Wave on the edge of a breakout

HORNBACH HLDG AG & CO KGAA (XETR:HBH)  
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XETR:HBH   HORNBACH HLDG AG & CO KGAA
Chart Patterns wolfe-wave wolfepattern hornbach
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chartpattern wolfe-wave wolfepattern hornbach
After the price slump following the last quarterly earnings hornbach consolidates. Given the daily chart this slumps was the 5 of a potential bullish wolfe wave now ready to break out.
Komen:
Get active but never reached the target line, know beyond the APEX in time and price and therefore DEAD!

Holding some Hornbach as investment position, current level maybe a potential bottom level from the chart point of view
Komen:
One may check the last move to be a BnR pattern, will analyze it the next few days.
Penafian

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