Hey my friends, STIFEL FINANCIAL CORP is in a fake downtrend with a water carrying candle and a fake return of paid sales volume. By zooming in on the TIMEFRAME M1 we observed a marubozu with an explosion on the past purchase volume it goes on the basis of the bollinger to check it after accessing the VWAP go to the highest of the bollinger and reach the top of the range (rectangle) for a retest.
There is a great chance of breaking the price with a return of momentum at the same time the zone to go into the next one and put on the top after. Followed by an excess before breakout of the rectangle with filling of a bearish breakout gap (on TIMEFRAME H1) before breakout of a possible range falling on GANN FAN after resistance.
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There is a great chance of breaking the price with a return of momentum at the same time the zone to go into the next one and put on the top after. Followed by an excess before breakout of the rectangle with filling of a bearish breakout gap (on TIMEFRAME H1) before breakout of a possible range falling on GANN FAN after resistance.
Please LIKE & FOLLOW, thank you!