ALGO - Wait For The Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

DAILY: Left Chart
ALGO has been stuck inside a range for a while.

For the bulls to take over from a long-term perspective, we need a break above the upper gray area (upper bound of the range)

Meanwhile, as we are approaching the lower bound of the range, we will be looking for buy setups on lower timeframes.

H4: Right Chart
From a medium-term perspective, we have been bearish making lower lows and lower highs.

For the bulls to take over, we need a momentum candle close above the last major high marked in green.

Meanwhile, until the buy is activated, ALGO can still trade lower till the gray zone where we will be looking for new buy setups.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich