KCS - Two Possible Scenarios!

26 Ogo 2022

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

KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups.

KCS is formed a valid inverse head and shoulders pattern, but it is still not ready to go yet.

For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected.

Meanwhile, we are bearish and if the bears manage to push below 9.0, then we will be expecting further movement downward.

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