Hey people, ACUITY BRANDS is in a bullish configuration with high negotiated buying volume and a marubozu. On the TIMEFRAME M1 we can see a marubozu with an explosion on the volume of purchase made, it goes towards the highest of the bollinger to test it. In order to break it in force and come over the top of the stabilization area for a retest. Big potential to breakout the price with the return of momentum thereafter to the zone to access the second and land on the next high. All this scenario is impossible or failure to fill a bearish breakout gap. Before testing the top of the bullish channel or stabilization zone.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!