Hello traders, EVERBRIDGE is in a bullish movement with a water-carrying candle accompanied by a rising leg and a return of buy volume executed. In TIMEFRAME M1 we see marubozu with a fable return of purchase volume emitted it goes towards the base of the bollinger to test it. And finish on the top of the stabilization zone for a new check. Strong propability to breakout the price with momentum thereafter the zone to surrender in a second and land on the next high.
Before a breakout a stabilization zone followed by a resistance to give way (on the TIMEFRAME H1) possible attempt to fill the gap of the fall break. Not enough buying force to breakout the area and test the bullish channel in this configuration.
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Before a breakout a stabilization zone followed by a resistance to give way (on the TIMEFRAME H1) possible attempt to fill the gap of the fall break. Not enough buying force to breakout the area and test the bullish channel in this configuration.
Please LIKE & FOLLOW, thank you!