Hey people, CANADIAN NATINOAL RAILWAYS CO is in a fake bearish configuration with sell volume executed and a doji with shadow made by sellers. On the TIMEFRAME M1 we see a kind of hammer candle with an abnormal purchase volume , this one is currently breaking the VWAP in this force. Great propability of breakout the price to go to test the stabilization zone and then the breakout to arrive in a new zone to go to the next high. Enter a bearish breakout gap (See TIMEFRAME H1). What if the buyers push to the next high to fill the bearish breakout gap. Which is a strong support no force to test the median of ANDREWS PICHTFORK.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!