Hey my friends, PROTO LABS is in a fake bearish configuration with high volume buy executed and an upside down hammer candle. Looking at the TIMEFRAME M1 we see an upside down hammer candle with a large sales volume, it reverses the trend on the low point. Which is at the lowest level of the bollinger, it goes on the VWAP which is in the bollinger to yield it and come to the top of the comfort zone with test behind.
It is very plausible to breakout the price with the Momentum at the same time the zone to reach a second and to put on the high which follows. With an attempt to breakout a comfort zone, no buying force to test the intermediate median of ANDREWS PITCHFORK.
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It is very plausible to breakout the price with the Momentum at the same time the zone to reach a second and to put on the high which follows. With an attempt to breakout a comfort zone, no buying force to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!