Hey my friends, DEVON ENERGY CORP is in a bullish configuration with a large water-carrying candle followed by equal, short legs and high volume buy traded. In the TIMEFRAME M1 we see a marubozu with a large volume of purchase issued, it goes to the top of the stabilization zone to check it. Great potential to breakout the price before the momentum at the same time the zone to reach the second zone and go to the next high.
After a second resistance to give up before the breakout of a stabilization zone with an adjustment on this high point (See TIMEFRAME H4) to finish for an excess. And (on the TIMEFRAME H1) two resistance to pass, lowered prediction for the test of the intermediate median of the ANDREWS PITCHFORK range.
Please LIKE & FOLLOW, thank you!
After a second resistance to give up before the breakout of a stabilization zone with an adjustment on this high point (See TIMEFRAME H4) to finish for an excess. And (on the TIMEFRAME H1) two resistance to pass, lowered prediction for the test of the intermediate median of the ANDREWS PITCHFORK range.
Please LIKE & FOLLOW, thank you!