Hello traders, ALASKA AIR GROUP
is in a bullish
movement with a hammer
candle and a big sell volume
made. Looking at the TIMEFRAME M1
we can see a hammer
candle with a return of traded buy volume
, it came to test the bottom of the range. For a reintegration which corresponds to the base of the bollinger
then it will go on its highest pass through the VWAP
. In order to access the top of the range for a second check.
It is very plausible to breakout the price with momentum at the same time the range to land in the next and stick to the high that comes. See an attempt to close the bearish
breakout gap to get into an old decision area if investors take their risks. Impossibility of breakout a range is not valid for the moment.
Please LIKE & FOLLOW, thank you!