Hello guys, GENUINE PARTS CO is in a bearish fake movement with a large buying volume and an upside down candle. In the TIMEFRAME M1 we see a marubozu with a small explosion of sales volume executed it goes to its last low point. Which is located below the base of the bolinger to do a reversal re-test bollinger levels. And move towards the top of the equilibrium zone behind testing it Big possibility of breaking out the price afterwards the zone.
With the momentum intrude on the second zone and go to the next high. One adjustment before (TIMEFRAME D1) for (TIMEFRAME H4) after two excesses (on TIMEFRAME D1) and five highs (on TIMEFRAME H1) with one excess.
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With the momentum intrude on the second zone and go to the next high. One adjustment before (TIMEFRAME D1) for (TIMEFRAME H4) after two excesses (on TIMEFRAME D1) and five highs (on TIMEFRAME H1) with one excess.
Please LIKE & FOLLOW, thank you!