FIO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FIO is sitting around a strong demand zone in green so we will be looking for buy setups.
on Daily: FIO formed a valid channel in red but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the last swing high in gray to buy.
Meanwhile, until the buy is activated, FIO would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
