Hey people, LINCOLN NATIONAL CORP is on a fake downtrend with high sales volume executed and shadow from buyers. On the TIMEFRAME M1 shows a hammer bull candle with a high buying volume traded it goes towards its VWAP which it can break forcefully. Great possibility of breaking the price to fill the bearish breakout gap with a strong resistance on the bottom of the candle above (See TIMEFRAME H4). For observed both resistance to past and the H1 for confirmation of the last. Not enough strength to retest ANDREWS PITCHFORK.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.