Hey people, WESTLAKE CHEMICAL CORPORATION is in a fake bullish movement with an upside down hammer candle and a strong comeback in buy volume issued. On the TIMEFRAME M1 we can see a shape of a large hammer candle upside down with a low return of purchase volume made it just failed. On its first high below the VWAP to fill the bearish breakout gap with the return of investors. We can go on the basis of the bollinger after the VWAP test and finish on the top of the consolidation zone to check it.
Strong possibility of breaking out the price with the momentum of both the zone to arrive in a new one and to land on the next higher. With an excess before breakout of a consolidation zone (View on TIMEFRAME H1) to fill a bearish breakout gap. Little buying power to test the intermediate median of ANDREWS PICHTFORK at this time.
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Strong possibility of breaking out the price with the momentum of both the zone to arrive in a new one and to land on the next higher. With an excess before breakout of a consolidation zone (View on TIMEFRAME H1) to fill a bearish breakout gap. Little buying power to test the intermediate median of ANDREWS PICHTFORK at this time.
Please LIKE & FOLLOW, thank you!