Hey guys, HOLLY ENERGY PARTNERS LP is in a bullish configuration with a hammer candle shape and a return of traded buy volume. Looking at the TIMEFRAME M1 we saw a dash with a small return on executed purchase volume, it came to test the top of the consolidation zone. Big potential to breakout the price at the same time the zone to land in the next one and put on...
Short play here. After a bearish engulfing and a dark cloud cover pattern, today another bearish engulfing formed on HEP. This further confirms the resistance level above.
SL at high of dark cloud cover and TP set to last major low.
Lets see what happens!