Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last CHZ analysis (below), we were waiting for a break above the gray neckline for the bulls to take over from a medium-term perspective.
NOW WHAT?
on DAILY: CHZ is trading inside a giant descending triangle in brown.
For the bulls to take over from a long-term perspective, and as per my trading plan, I will be waiting for a new swing high to form around the upper brown trendline 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 (orange zone)
Meanwhile, until the bulls take over, CHZ would be trading inside the brown triangle.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich