KCS - Strong Again!

Jun 18Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 KCS has been overall bearish, trading within the falling channel in blue.

However, KCS is currently approaching the lower bound of the channel.

Moreover, it is retesting a strong support - the lower bound of its range.

🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.

📚 As per my trading style:
As #KCS approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Jun 21

Trade closed: target reached

Jun 21

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