Hello traders, RALPH LAUREN CORP is in a fake bearish configuration with seller trace and low sell volume issued. On the TIMEFRAME M1 we see a marubozu with an abnormal purchase volume, it is heading right into the VWAP to break it. Great propability of breakout the price then at the same time of breakout a stabilization zone to reach the next higher (See TIMEFRAME H4). And if the buyers are really back to get to the point above (see TIMEFRAME H1). Little force for arrival on half of the intermediate median of ANDREWS PICHTFORK.
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Please LIKE & FOLLOW, thank you!