Hey my friends, CABOT OIL & GAS CORP is in a fake bearish push with a strong sell volume traded and a large upside down hammer candle. On the TIMEFRAME M1 we see a water-carrying candle with a high negotiated sales volume. She came to rebound on the bollinger's plus make her trend reversal to re-test bollinger levels. Then go and test the VWAP and come to the top of the consolidation zone to test it again. Great possibility of breaking out the price with the return of the momentum on the zone to join the one above and arrive at the next high.
With adjustment (on TIMEFRAME H4) for (TIMEFRAME D1) then in the same case (on TIMEFRAME H1) for (TIMEFRAME H4) before breakout of a consolidation zone. Not enough buying push at this time to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!
With adjustment (on TIMEFRAME H4) for (TIMEFRAME D1) then in the same case (on TIMEFRAME H1) for (TIMEFRAME H4) before breakout of a consolidation zone. Not enough buying push at this time to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!