Hey my friends, DXC TECHNOLOGY COMPANY is in a bullish momentum with a hammer candle and low sell volume traded. Looking at the TIMEFRAME M1 we see an upside down hammer candle with a high volume of purchase issued, it is going to its last lowest. Then wanting to turn around, it will breakout its price and subsequently breakout a range to land in the next and head to the next high (See TIMEFRAME H4) for confirmation. And if the buyers are back, arrive on the top of the top and go to test the last top.
This corresponds to the breakout a new comfort zone with a bullish excess behind. Not enough power to test the TREND-BASED FIBONACCI EXTENSION.
Please LIKE & FOLLOW, thank you!
This corresponds to the breakout a new comfort zone with a bullish excess behind. Not enough power to test the TREND-BASED FIBONACCI EXTENSION.
Please LIKE & FOLLOW, thank you!