Hello traders, OVINTIV is in a bullish movement with a return of traded buy volume and a water-carrying candle followed by the marked rising leg. In the TIMEFRAME M1 we can see an inverted hammer candle with a weak explosion of the emitted sales volume, it goes in the direction of its last lowest. Make its swallow test the lowest of the bollinger as well as its highest to go to the top of the consolidation zone and test it.
Strong possibility of breaking out the price with the momentum of both the area to get into a new one and land on the next high. With an excess on the last previous above that before the resistance breakout. In order to test the next resistance by adding a test in an inverted ascending triangle bullish channel.
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Strong possibility of breaking out the price with the momentum of both the area to get into a new one and land on the next high. With an excess on the last previous above that before the resistance breakout. In order to test the next resistance by adding a test in an inverted ascending triangle bullish channel.
Please LIKE & FOLLOW, thank you!