Hello everyone, if you like the idea, do not forget to support with a like and follow.
C98 is overall bullish and now retesting a demand zone in green so we will be looking for buy setups on lower timeframes.
First Scenario: (purple projection)
on H4: C98 formed a valid inverse head and shoulders pattern but it is not ready to go yet. Before we buy, we want the buyers to take control again by breaking above the gray neckline.
Second Scenario: (gray projection)
on H4: C98 is trading inside our red channel so if it keeps trading lower, then we will be waiting for a new swing high to form around the upper trendline to consider it our last swing high then buy on its break upward.
Meanwhile, until the buy is activated, C98 would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
C98 is overall bullish and now retesting a demand zone in green so we will be looking for buy setups on lower timeframes.
First Scenario: (purple projection)
on H4: C98 formed a valid inverse head and shoulders pattern but it is not ready to go yet. Before we buy, we want the buyers to take control again by breaking above the gray neckline.
Second Scenario: (gray projection)
on H4: C98 is trading inside our red channel so if it keeps trading lower, then we will be waiting for a new swing high to form around the upper trendline to consider it our last swing high then buy on its break upward.
Meanwhile, until the buy is activated, C98 would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.