Hey guys, VALERO ENERGY CORP is in a configuration fake with a shadow that knows formed by sellers and a low volume of purchases made. On the TIMEFRAME M1 we can see a shadow let sellers with a high volume of purchases exchanged it goes on the top of the cosolidation zone to test it. Big possibility of breaking out the price afterwards the zone to arrive in a new zone of consolidation.
And get to the next high then close a bearish breakout gap in D1 with two highs passed on TIMEFRAME H1. Not enough force to reach half of the intermediate median of ANDREWS PICHTFORK.
Please LIKE & FOLLOW, thank you!
And get to the next high then close a bearish breakout gap in D1 with two highs passed on TIMEFRAME H1. Not enough force to reach half of the intermediate median of ANDREWS PICHTFORK.
Please LIKE & FOLLOW, thank you!
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Disclaimer
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.