Hello traders, KIRBY CORP is in a fake downtrend with a doji accompanied by a sellers trace and a purchase volume returns made. In the TIMEFRAME M1 we observed a marubozu acceleration with a large volume executed it goes towards its next lowest which is in a bearish breaking gap. And being able to make a reversal, it is plausible to breakout the price and then at the same time test a stabilization zone. That it will breakout just after arriving in a new area and go to the next top (See confirmation on TIMEFRAME H4 and H1).
And if the buyers are still in the process, go to the top afterwards to fill the bearish breakout gap seen from excess (on TIMEFRAME H4 and back in Daily). No force to reach half of the middle median of the ANDREWS PICHTFORK range.
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And if the buyers are still in the process, go to the top afterwards to fill the bearish breakout gap seen from excess (on TIMEFRAME H4 and back in Daily). No force to reach half of the middle median of the ANDREWS PICHTFORK range.
Please LIKE & FOLLOW, thank you!