KCS - Trend-Following Setup!

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

KCS rejected our green support and traded higher, so we are currently trading inside this orange channel.

As per my trading plan, I will be looking for trend-following buy setups on lower timeframes if price retests the lower orange trendline acting as a non-horizontal support.

and we will be expecting the bears to take over for a correction after retesting the upper orange/red trendlines.

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