Hey traders, BRIDGEBIO PHARMA is in a fake bearish configuration with a fake return of executed sell volume and a sort of upside down hammer candle. By zooming in on the TIMEFRAME M1 we see a marubozu with a weak explosion on the past purchase volume, it goes to the highest of the bollinger. To check it then go to the top of the range and test it before the VWAP is going to be broken forcibly.
It is very plausible to breakout the price with the return of momentum from investors at the same time ranges it to access a next and issue on the high after. Then a higher will be given before breaking a range but little luck for the moment on this scenario. With excess (on TIMEFRAME H4) then (TIMEFRAME H1), no buying force to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!
It is very plausible to breakout the price with the return of momentum from investors at the same time ranges it to access a next and issue on the high after. Then a higher will be given before breaking a range but little luck for the moment on this scenario. With excess (on TIMEFRAME H4) then (TIMEFRAME H1), no buying force to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!