CHZ - Buy Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

Left Chart: CHZ is approaching a strong daily demand zone so we will be looking for buy setups.

Right Chart: CHZ is overall bearish trading inside our red channel but since it is approaching a demand, we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?

Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, CHZ would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich