BEARISH - LVMH 60MN - IDEAS WHY
Super strong resistance up there at 362.60.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
Coming next:
-Most likely a bearish movement targeting first the 328.30 level.
-Possibility to go further down.
-Otherwise the market could again test the VWAP.
Decision will then to be taken after observation of new pullback or break.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
Coming next:
-Most likely a bearish movement targeting first the 328.30 level.
-Possibility to go further down.
-Otherwise the market could again test the VWAP.
Decision will then to be taken after observation of new pullback or break.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.