Hello traders, THE CHEMOURS COMPANY is in a fake bearish trend with a sell volume return issued and a kind of hammer candle. Looking at the TIMEFRAME M1 we see a marubozu with higher purchase volume than sales it starts on the last previous sound lower. And make a reversal it goes on the VWAP to break it in force and come on the top of the range. There is a great chance of breaking out the price. Then subsequently tidies it up to join for a second and interfere with the top that comes (View MULTIFRAME H4 and H1). With coming directly to breakout the range again to come before possible test of the top of the bullish channel.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!