Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: (Left Chart)
SAND is sitting around a strong demand zone in blue so we will be looking for buy setups on lower timeframes.
on H4: (Right Chart)
SAND formed a valid wedge pattern in red. but it is not ready to go yet.
For the bulls to take over, a momentum candle close above the last major high (in gray).
Meanwhile, until the buy is activated, SAND can still trade lower inside the blue demand zone (0.5 - 0.7)
In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: (Left Chart)
SAND is sitting around a strong demand zone in blue so we will be looking for buy setups on lower timeframes.
on H4: (Right Chart)
SAND formed a valid wedge pattern in red. but it is not ready to go yet.
For the bulls to take over, a momentum candle close above the last major high (in gray).
Meanwhile, until the buy is activated, SAND can still trade lower inside the blue demand zone (0.5 - 0.7)
In this case, we will be looking for new buy setups to form.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich