Hello traders, EPAM SYS is in a fake bearish configuration with a large past buy volume and a hammerhead candle shape. Looking more closely at TIMEFRAME M1 we can see a marubozu reversing the trend on its last precedent lower. And go test the VWAP to break it to reach the top of the range between two high to past (on the TIMEFRAME D1 unit). With a two adjustment and one excess (on the TIMEFRAME H4) and six excess (on the TIMEFRAME H1) with a filling of a bearish breakout gap.
It is quite plausible to breakout the price directly to the area also to arrive within a second. Then make a last higher followed by a test with a breakout of the second zone and go to test the top of the bullish channel.
Please LIKE & FOLLOW, thank you!
It is quite plausible to breakout the price directly to the area also to arrive within a second. Then make a last higher followed by a test with a breakout of the second zone and go to test the top of the bullish channel.
Please LIKE & FOLLOW, thank you!