CHZ is sitting around a strong weekly demand zone so we will be looking for buy setups.
on DAILY: CHZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, CHZ can still trade lower to test the green demand again. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on DAILY: CHZ is forming an inverse head and shoulders pattern but it is not ready to go yet.
Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, CHZ can still trade lower to test the green demand again. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal