Hello traders, SPIRE is in a fake bearish setup with high sell volume issued and an upside down hammer candle shape. In the TIMEFRAME M1 we can see a marubozu with a volume return, it starts from its lowest on the bollinger to move towards the bottom of the bearish channel and test the VWAP . Big possibility of breakout the price at the same time with the momentum of return broken the VWAP .
To go to the top of the channel with the resistance point test before panic and come and fill the bearish breakout gap to reach the last high. And if the buyers come back to collect the losses before the session.
Please LIKE & FOLLOW, thank you!
To go to the top of the channel with the resistance point test before panic and come and fill the bearish breakout gap to reach the last high. And if the buyers come back to collect the losses before the session.
Please LIKE & FOLLOW, thank you!