Hey people, HAWAIIAN ELECTRIC INDUSTRIES is in a fake bearish movement with a continuation of the negotiated purchase volume and a shooting star. In the TIMEFRAME M1 we remade a marubozu with a return of executed purchase volume, it came to test the bottom of the consolidation zone. For the reintegrated to come check the base of the bollinger as well as the highest in order to move towards the VWAP and finish on the top of the consolidation zone (rectangle).
Strong potential to breakout the price with momentum by following the zone to access a new one and land on the next high. Before breakout a zone of consolidation by zooming (on the MULTI TIMFRAME H4 and H1) we find the excess but it is a failure due to the possible bullish channel test of the last low point. Little buying force to test the top of the consolidation zone at this time. Speculation session !!
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Strong potential to breakout the price with momentum by following the zone to access a new one and land on the next high. Before breakout a zone of consolidation by zooming (on the MULTI TIMFRAME H4 and H1) we find the excess but it is a failure due to the possible bullish channel test of the last low point. Little buying force to test the top of the consolidation zone at this time. Speculation session !!
Please LIKE & FOLLOW, thank you!