Hey traders, AVALARA is in a fake downtrend with an upside-down water-carrying candle followed by a down leg and a large buy volume executed. The TIMEFRAME M1 shows a hammer candle with a high volume of traded sales heading towards its lowest, making its trend reversal. To go and test the VWAP afterwards the base of the bollinger and on the top of the balance zone for a check of it. High probability of breaking out the price at the same time the zone to move into the next one and reach the last high point.
With an adjustment (on TIMEFRAME H4) followed by an excess before breakout of an equilibrium zone and an excess (on TIMEFRAME H1) compared (with TIMEFRAME H4). Not enough buying force to test half of the ANDREWS PITCHFORK intermediate median
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With an adjustment (on TIMEFRAME H4) followed by an excess before breakout of an equilibrium zone and an excess (on TIMEFRAME H1) compared (with TIMEFRAME H4). Not enough buying force to test half of the ANDREWS PITCHFORK intermediate median
Please LIKE & FOLLOW, thank you!