Hey people, ARCONIC CORPORATION is in a fake downtrend with a large volume of past buying and a form of marubozu with a trace of sellers. By zooming in on the TIMEFRAME M1 we observed a form of water-carrying candle with a negotiated purchase volume, it goes in the direction of the higher bollinger. With the momentum ARCONIC CORPORATION starts on the top of the bullish channel to suck it. There is a good chance of breaking out the price afterwards in the area, to get to the new one and to get on the top that follows. Who is the candle before last panic.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!