Bear setup on Lowes. LOW

Here's a bear setup I'm stalking on Lowe's. Home Depot is also in a downtrend but I like this setup better for a couple resaons. For one, LOW is already trading below the 200 dma, the green line. It confirmed bearish at point #1 and retested already at point #2 on the %R indicator. The ADX has broken above 30 which signals a strong trend is in place. So now I'm waiting for a retest on %R which would be a close above the -80 line or a retest of the 200 dma. I'm looking at a single put play on this with an August expiration.
Later.
Trader Dad!