Hey traders, PIONEER NATURAL RESOURCES is in a fake bearish movement with a hammer candle and low sell volume issued. In TIMEFRAME M1 we see a hammer candle shape with a high volume of sales executed and the highest volume of the session. The title goes to its last low point and reverses. It is very plausible to go to the top of the stabilization zone to test it with feedback from buyers. It can breakout to join a new stabilization zone to land on the top that comes by passing the previous panic (See TIMEFRAME H1). Not enough buying force to close the break of the bearish gap and to interfere in the middle of the intermediate median of ANDREWS PICHTFORK.
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Please LIKE & FOLLOW, thank you!