KCS is overall bullish trading inside the orange megaphone pattern.
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
As per my trading style, I will be looking for bullish reversal setups on lower timeframes like a double bottom, trendline break, and so on...
[bKCS would be overall bullish unless the sellers manage to break below the green zone downward, then a movement till the lower blue support would be expected where we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Since it is sitting around the lower bound / trendline and green minor support, we will be looking for Trend-Following Buy setups.
As per my trading style, I will be looking for bullish reversal setups on lower timeframes like a double bottom, trendline break, and so on...
[bKCS would be overall bullish unless the sellers manage to break below the green zone downward, then a movement till the lower blue support would be expected where we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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t.me/thesignalyst
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cutt.ly/TickmillReal
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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.