KCS - Long-Term View!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Before I dive into today's update, let me walk you through my last three KCS analysis:
1- KCS - Strong Support!
We have been stuck around support, so we were looking for buy setups.
2- KCS - Long-Term and Short-Term Scenarios!
Then the bulls took over from a short-term perspective by breaking above the blue last high from H4 and reached our 10.0 target!
3- KCS - Short-Term Bullish Setup!
Then we expected a rejection from the 10.0 to retest the blue zone again.
4- Update:
Price rejected our blue zone as you can see from H4
Now What?
For the bulls to take over from a medium-term perspective, we need a daily close above the 10.0
and then for the bulls to take over from a long-term perspective, we need a daily close above the last major high from weekly, around 11.25
and of course, for the bears to take over, we need a break below the last major low in orange.
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
Before I dive into today's update, let me walk you through my last three KCS analysis:
1- KCS - Strong Support!
We have been stuck around support, so we were looking for buy setups.
2- KCS - Long-Term and Short-Term Scenarios!
Then the bulls took over from a short-term perspective by breaking above the blue last high from H4 and reached our 10.0 target!
3- KCS - Short-Term Bullish Setup!
Then we expected a rejection from the 10.0 to retest the blue zone again.
4- Update:
Price rejected our blue zone as you can see from H4
Now What?
For the bulls to take over from a medium-term perspective, we need a daily close above the 10.0
and then for the bulls to take over from a long-term perspective, we need a daily close above the last major high from weekly, around 11.25
and of course, for the bears to take over, we need a break below the last major low in orange.
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
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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