Hey traders, TELEDYNE TECHNOLOGIES is in a fake bearish surge with an upside down hammer candle and an explosion on the buy volume made. On the TIMEFRAME M1 we can see a marubozu with a fake return of exchanged sales volume, it is heading towards its previous low point. Which corresponds to the VWAP to make a swallow to retest the base then the highest of the bollinger. And finish on the top of the stabilization zone to check the big possibility of breaking the price with momentum.
Subsequently the area to access in a second and go to the next top. Before the breakout a zone but impossible scenario. Little buying power hesitation with possible test of the bottom of the bullish channel.
Please LIKE & FOLLOW, thank you!
Subsequently the area to access in a second and go to the next top. Before the breakout a zone but impossible scenario. Little buying power hesitation with possible test of the bottom of the bullish channel.
Please LIKE & FOLLOW, thank you!