TIMKEN CO Chart DailyHey my friends, TIMKEN CO is in a bearish dynamic fake with a water-carrying candle and a fake return of sales volume made Looking at the TIMEFRAME M1 we see a dash with a start of a return of purchase volume issued, it goes towards the top of the resistance This corresponds to the base of the bollinger for a retest then access the VWAP after the highest of the bollinger and go to the top of the comfort zone for a check.
There is a great chance of breaking the price with the momentum return at the same time the zone and to interfere in another and to put on the top which follows. But not enough buying power for this scenario to see now if investors with volatility will breakout resistance to check second.
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TKR trade ideas
Failed breakout followed by a breakdown!!!NYSE:TKR this had an attempt to go higher earlier this week, but failed. After a failed move higher usually comes fast move down. see my note on where to short it indicated on the chart.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.