Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
๐ฆง APE has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound.
Moreover, the zone 4.5 - 5.0 is a strong weekly support zone .
๐น So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue/red trendlines . (acting as non-horizontal support)
As per my trading style:
As APE approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ฆง APE has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound.
Moreover, the zone 4.5 - 5.0 is a strong weekly support zone .
๐น So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue/red trendlines . (acting as non-horizontal support)
As per my trading style:
As APE approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal