Hello traders, BANK OF MONTREAL is in a bullish movement with a continuation of issued buy volume and a kind of hammer candle. The TIMEFRAME M1 shows us a marubozu with a low executed buy volume, just checked the base of the bollinger. To then go to the top of the balance zone to test it. Strong propability to breakout the price with the momentum then at the same time the zone to arrive in the one above and to interfere on the top which follows.
Before the highest of the bollinger will be tested but impossible to fill the gap of bearish breakout (See TIMEFRAME H1). With verification (on the TIMEFRAME H4) for this high, no buying force to test the intermediate median of ANDREWS PITCHFORK.
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Before the highest of the bollinger will be tested but impossible to fill the gap of bearish breakout (See TIMEFRAME H1). With verification (on the TIMEFRAME H4) for this high, no buying force to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!