IDEA - Looks Like A Great Idea ;)Hello everyone, if you like the idea, do not forget to support with a like and follow.
IDEA is overall bullish trading inside the blue channel . It is now approaching the lower blue trendline and demand area in green, we will be looking for trend-following buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
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, IDEA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
