Hey people, COTY is in a fake bearish configuration with a slowdown in executed sell volume and a doji. Looking at the TIMEFRAME M1 we see a hammer candle with slowing down of the traded sales volume, it has come to bounce off the lowest of the bollinger. To test it and she is in the oversold zone, there is a great chance of a reversal to come and check the VWAP.
Then the base of the bollinger as well as the highest and finish on the top of the comfort zone. It is very plausible to breakout the price with the return of momentum at the same time the zone to interfere in the one above and land on the top that follows. See if the buying push is going to test the resistance before its breakout and check the top of the bearish channel.
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Then the base of the bollinger as well as the highest and finish on the top of the comfort zone. It is very plausible to breakout the price with the return of momentum at the same time the zone to interfere in the one above and land on the top that follows. See if the buying push is going to test the resistance before its breakout and check the top of the bearish channel.
Please LIKE & FOLLOW, thank you!