Hello traders, DIAMONDBACK ENERGY is in a bearish dynamic fake with an inverted hammer candle and low executed buy volume. In the TIMEFRAME M1 we can see a kind of hammer candle with a large purchase volume past it is in full break of the VWAP. And it seems to have strength on this move as it is heading up its high potential equilibrium zone to breakout the price. Then a breakout of the zone is to come to leave in a second and to go on the last preceding top (seen from the initial TIMEFRAME on the TIMEFRAME H1) two excesses. And if the buyers are still in the game come on the next high with a test of a zone of equilibrium for a possible breakout. Not enough force for half of the intermediate median of ANDREWS PICHTFORK.
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Please LIKE & FOLLOW, thank you!