Hello TradingView family, this is Richard.
I find COTI chart interesting.
I have been holding/following this one for a year now and noticed that lately COTI is respecting the inverse head and shoulders pattern well lately.
We are no doubt overall bullish trading inside the two blue trendlines forming a rising broadening wedge.
Previously COTI approaches the lower bound / blue trendline, formed an inverse head and shoulders pattern, and traded higher. This happened twice!
Are we going to see it happening a third time?
We are waiting for the right shoulder to form, then buy on the gray neckline break upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I find COTI chart interesting.
I have been holding/following this one for a year now and noticed that lately COTI is respecting the inverse head and shoulders pattern well lately.
We are no doubt overall bullish trading inside the two blue trendlines forming a rising broadening wedge.
Previously COTI approaches the lower bound / blue trendline, formed an inverse head and shoulders pattern, and traded higher. This happened twice!
Are we going to see it happening a third time?
We are waiting for the right shoulder to form, then buy on the gray neckline break upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich