Hey people, THOMSON-REUTERS CORP is in a bullish push with a large volume of past purchase and a marubozu accompanied by two legs of which the lower one is the shorter. Zooming in on the TIMEFRAME M1 shows us a marubozu that goes over the top of the bollinger to test it, in order to find the top of the comfort zone to test it. It is very plausible to breakout the price following the return of momentum at the same time the zone to land in the one above and to land on the top that comes.
With an excess (on TIMEFRAME H4) this point is located (on TIMEFRAME H1) followed by a bearish breaking gap to be filled. Then two resistance to yield before testing a comfort zone for breakout of it. Possible test with the buying force of the intermediate median of ANDREWS PITCHFORK.
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With an excess (on TIMEFRAME H4) this point is located (on TIMEFRAME H1) followed by a bearish breaking gap to be filled. Then two resistance to yield before testing a comfort zone for breakout of it. Possible test with the buying force of the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!