COTI - Buy Setup Forming!

21 באפר׳ 2021

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COTI is sitting around a demand area in green, we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.

on H4: COTI is forming an inverse head and shoulders pattern, but it is not valid yet, so we will be waiting for the right shoulder to form. (projection in purple)

Trigger => Waiting for the right shoulder to form then buy on the neckline break upward (gray zone)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich