Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis (attached on the chart), we were looking for buy setups around the 5-6 support zone.
KCS rejected the 6.0 support zone and traded higher.
πΉ For the bulls to take over long-term, we need a break above the last weekly major high in gray around 11.5
Meanwhile, if KCS retests the 6-7 support again, we will be looking for new short-term buy setups.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (attached on the chart), we were looking for buy setups around the 5-6 support zone.
KCS rejected the 6.0 support zone and traded higher.
πΉ For the bulls to take over long-term, we need a break above the last weekly major high in gray around 11.5
Meanwhile, if KCS retests the 6-7 support again, we will be looking for new short-term buy setups.
π Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich