Hey investors, NEXSTAR MEDIA GROUP is in a fake downtrend with a slowing of executed sell volume and a form of marubozu accompanied by short legs. By zooming in on the TIMEFRAME M1 we see a dash with a low volume of past purchase, it goes on the basis of the bollinger to check it then the highest followed by the VWAP and reach the top of the range. It is very plausible to breakout the price with the return of momentum at the same time ranges it to land in a next one and leave on the high after.
Before a test of a range for breakout by passing (on TIMEFRAME H4) a bearish breakout gap and (TIMEFRAME H1) asserts itself more (on TIMEFRAME D1). No buying force to test half of the ANDREWS PITCHFORK intermediate median.
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Before a test of a range for breakout by passing (on TIMEFRAME H4) a bearish breakout gap and (TIMEFRAME H1) asserts itself more (on TIMEFRAME D1). No buying force to test half of the ANDREWS PITCHFORK intermediate median.
Please LIKE & FOLLOW, thank you!