Hello traders, POLARIS is in a fake bullish compossion with high volume buying and a shadow of sellers. By looking at the TIMEFRAME M1 we see a hammer candle with a large volume of purchases traded, it has come to test the range. It is very plausible to break the price with the current momentum then put it away to interfere in the one that follows. And go to the next high (breakout directly from the range). Not enough buying force to test half of ANDREWS PITCHFORK's intermediate median.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!
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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.