Hello everyone, if you like the idea, do not forget to support with a like and follow.
IDEA is sitting around a strong demand zone in blue so we will be looking for buy setups.
on H4: IDEA is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it 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 (gray zone)
Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower till the lower blue support before going up.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
thanks for the update. also it touched the Daily 200MA as support, and it has a bullish divergence in 4h Rsi . so yeah, I think it will bounce to the upside.