Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
KCS is still struggling around support and round number 10.0
The bulls are reclaiming the support by breaking above the last minor high in green.
However, for the bulls to take full control, we still need a break above the major high in gray. In this case, a movement till 15.0 would be expected.
Meanwhile, the bears can still kick in and push KCS lower below 10.0
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
KCS is still struggling around support and round number 10.0
The bulls are reclaiming the support by breaking above the last minor high in green.
However, for the bulls to take full control, we still need a break above the major high in gray. In this case, a movement till 15.0 would be expected.
Meanwhile, the bears can still kick in and push KCS lower below 10.0
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich