FIRST REPUBLIC SAN FRANCISCO now is in BUY Situation Daily
Hello traders, FIRST REPUBLIC SAN FRANCISCO is in a bullish momentum with a sort of marubozu followed by a bearish leg and an explosion in issued purchase volume. Looking at the TIMEFRAME we see a marubozu with a high volume of past sales, it is heading towards its lowest. FRC will do a trend reversal to test the base of the bollinger and check the top of the comfort zone.
There is a great chance of breaking out the price with the momentum and then at the same time the zone to go to the next one and go to the top that comes. Before the highest test of the bollinger it is impossible to check at the level (of TIMEFRAME H4) for the breakout of this comfort zone. Not enough buying force to test half of the ANDREWS PITCHFORK intermediate median.
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There is a great chance of breaking out the price with the momentum and then at the same time the zone to go to the next one and go to the top that comes. Before the highest test of the bollinger it is impossible to check at the level (of TIMEFRAME H4) for the breakout of this comfort zone. Not enough buying force to test half of the ANDREWS PITCHFORK intermediate median.
Please LIKE & FOLLOW, thank you!