stephanelibatd

CANADIAN IMPERIAL BANK OF COMMEERCE Strategy

Short
NYSE:CM   Canadian Imperial Bank of Commerce
Hello traders, CANADIAN IMPERIAL BANK OF COMMEERCE is in a bullish configartion with a hammer candle and high volume buy executed. On the TIMEFRAME M1 we see a dragon doji with a strong continuation of the volume of purchases made, it goes towards the top of the stabilization zone to retest it. Strong potential to breakout the price with the momentum of both the zone to join the second and land on the next high.
With a bearish breaking gap to fill (seen from TIMEFRAME H4), to access the next high followed by a test from the top of a stabilization zone in the future. See how the top of the bullish channel reacts in this session.
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