Hello traders, TRI POINTE GROUP is in a fake bearish trend with a return of traded buy volume and an upside down hammer candle. By bending the TIMEFRAME M1 we observed a kind of hammer candle with a low volume of executed sales it is in full breakage of the base of the bolinger. To test the top of it and go to test the VWAP for the broken one she heads to the top of the stabilization area for a new test. There is a great chance of breaking the price then directly the zone and arriving on the last highest with a second before the breakout of a stabilization zone (on TIMEFRAME H4). Four higher to yield two (on TIMEFRAME H1) compared to the first higher (on TIMEFRAME D1). Too much buyer push to test half of ANDREWS PITCHFORK's intermediate median
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Please LIKE & FOLLOW, thank you!