Hey people, CENOVUS ENERGY is in a bullish push with a hammer candle shape and a large buy volume issued. On the TIMEFRAME M1 we notice a hammer candle with a large negotiated purchase volume, it bounced off the top of the equilibrium zone. CENOVUS ENERGY will head to last lower which is below the base of the bollinger to reverse the trend. With the retest of the base to finish with the check from the top of the area.
Great possibility of breaking the price with the return of momentum then then the zone to reach the new one and arrival on the top that comes. The high of the bollinger will be broken followed by a breakout of an equilibrium zone with the addition of a bearish breakout gap filling (See TIMEFRAME H4).
And (on the TIMEFRAME H1) an adjustment before outperforming two higher. Propability of attempt to test the intermediate median of ANDREWS PITCHFORK.
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Great possibility of breaking the price with the return of momentum then then the zone to reach the new one and arrival on the top that comes. The high of the bollinger will be broken followed by a breakout of an equilibrium zone with the addition of a bearish breakout gap filling (See TIMEFRAME H4).
And (on the TIMEFRAME H1) an adjustment before outperforming two higher. Propability of attempt to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!