Hello traders, WATERS CORP is in a bearish fake composition with a hammer candle and a strong sell volume traded.By zooming in on the TIMEFRAME M1 we see a marubozu with a return of past stable purchase volume, it leaves on the basis of the bollinger for a test. And reach the highest of the bollinger after checking the VWAP to finish at the top of the range. It is very plausible to breakout the price thereafter ranges it to put in the one above and arrive on the high point.
After having passed the stage of an important decision will come the test of the top of the range before a breakout of this one. WATERS CORP will head for the top of the bullish channel to check it again.
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After having passed the stage of an important decision will come the test of the top of the range before a breakout of this one. WATERS CORP will head for the top of the bullish channel to check it again.
Please LIKE & FOLLOW, thank you!