Hey guys, NOV is in a fake bearish movement with a sort of shooting star and a fake explosion in the volume of purchases issued. On the TIMEFRAME M1 we can see the shape of a hammer candle with a false return of sales volume, it goes on its last previous lower. What is outside the equilibrium zone make its trend reserve to go away on the several points of the bollinger. In order to check them after the VWAP while passing and finish on the top of the balance zone for a retest.
Big potential for breaking out the price with the return of momentum thereafter to the zone to reach a new one and stick to the next high. Before testing a neckline then brekout an area and go to the last previous resistance on this triple bottom.
Please LIKE & FOLLOW, thank you!
Big potential for breaking out the price with the return of momentum thereafter to the zone to reach a new one and stick to the next high. Before testing a neckline then brekout an area and go to the last previous resistance on this triple bottom.
Please LIKE & FOLLOW, thank you!