With all the markets moving I wanted to test out something on a stock that had not moved yet. KHS is checking all the boxes. I drew the rough idea of what it should do. It doesnt matter until Price gets to the last two set of blue lines. If price moves up at an angle from the beginning to almost the end Enter a trade and watch what happens after price crosses the last blue line. by iCantw84it 05.31.22
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hang tight its not done yet about 12 more bars
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Just an update so because you can clearly see its not moving in an up angle between the last two lines. Make sure you take in consideration that you have to allow for reaccumulation and possibly another drop to the next level of support. the whole process could take anywhere between 5-10 days