Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
VLX is sitting around a strong demand zone in green so we will be looking for buy setups.
on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.
Meanwhile, since VLX is sitting inside our demand zone, we will be looking for buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
VLX is sitting around a strong demand zone in green so we will be looking for buy setups.
on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.
Meanwhile, since VLX is sitting inside our demand zone, we will be looking for buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich