Hey guys, NOV is in a fake bearish movement with a sort of shooting star and a fake explosion in the volume of purchases issued. On the TIMEFRAME M1 we can see the shape of a hammer candle with a false return of sales volume , it goes on its last previous lower. What is outside the equilibrium zone make its trend reserve to go away on the several points of the bollinger . In order to check them after the VWAP while passing and finish on the top of the balance zone for a retest.
Big potential for breaking out the price with the return of momentum thereafter to the zone to reach a new one and stick to the next high. Before testing a neckline then brekout an area and go to the last previous resistance on this triple bottom.
Please LIKE & FOLLOW, thank you!
Big potential for breaking out the price with the return of momentum thereafter to the zone to reach a new one and stick to the next high. Before testing a neckline then brekout an area and go to the last previous resistance on this triple bottom.
Please LIKE & FOLLOW, thank you!