Hello everyone, if you like the idea, do not forget to support with a like and follow.
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is overall bullish and now approaching a strong support zone in blue (15) so we will be looking for buy setups.
on DAILY: KCS is forming an inverse head and shoulders pattern, but it is still an idea.
Trigger => Waiting for the right shoulder to form then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, KCS would be overall bearish from a medium-term perspective and can still dive inside the support zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal