PAZINI19

Analysis: Bearish Channel situation

OSL:VAR   VAR ENERGI ASA
As you see on the chart we are in a bearish channel situation. So if we have a breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume we will have a big probability of an uptrend. In other hand, if we have the breakout with force the support line by a big red candle with a large red volume it's mean that we will have a big probability of a reversal trend (downtrend).Thanks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.