Hey traders, OGE ENERGY CORP is in a fake bearish configuration with a large trading volume and a failed sellers attempt. Looking at the TIMEFRAME M1 we see a panicking marubozu with an unusual volume of wind. It goes on its last low point to make a big reversal possibility of breakout the price. At the same time, the VWAP broke the strong resistance and finally started testing the top of the consolidation zone.
We can breakout with the current buying force to arrive in a second and start on the next higher. Who is in a bearish breakout gap one may have to make an attempt to close a bearish breakout gap. On a major resistance by going back in time then managing to want to test the consolidation zone.
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We can breakout with the current buying force to arrive in a second and start on the next higher. Who is in a bearish breakout gap one may have to make an attempt to close a bearish breakout gap. On a major resistance by going back in time then managing to want to test the consolidation zone.
Please LIKE & FOLLOW, thank you!