KCS – Standing Strong!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
The picture is self-explanatory.
KCS is overall bearish trading inside the red channel and it is currently approaching a strong support (10.0)
But as usual, we don’t blindly. No matter how strong a support is, it can be broken downward.
As per my trading style:
I will be looking for potential bullish reversal setups on lower timeframes (like a double bottom , trendline break , and so on…)
Meanwhile, KCS can still break the 10.0 support, in this case, our next support zone would become the 5.0 area.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
