ALGO - Potential Bullish Reversal!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

ALGO is sitting around strong support in green so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: ALGO is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple)

Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.

Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich