Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: KCS is forming a symmetrical triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Unless the bears manage to break below the green zone, then a movement till the blue support 15.0 would be expected where we will be looking for new buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is overall bullish trading inside the blue channel and now approaching the lower bound / blue trendline so we will be looking for trend-following buy setups on lower timeframes.
on H1: KCS is forming a symmetrical triangle in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Unless the bears manage to break below the green zone, then a movement till the blue support 15.0 would be expected where we will be looking for new buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT