TRB - Catching The Next Impulse 📈

Hello TradingView Family / Fellow Traders,

As per my last analysis, we know that the correction phase started on TRB as the red channel has broken downward.

📈 According to my trading plan, as TRB approaches the 100.0 support zone and the round number, I will be looking for buy setups.

🏹 For the bulls to take over and start the next impulse movement, we need a break above the last major high in blue.

🎯 In this case, a movement to the 140.0 supply zone would be expected.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

Trade closed: target reached:

Target has been reached

For the bulls to maintain control, we need a daily candle close above 140.0.

Meanwhile, the bears can still reject the zone if a bearish reversal setup is activated on lower timeframes.

I will be posting a new idea then.