Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
OKB has been overall bullish trading inside the rising broadening wedge pattern in red.
After rejecting the upper red trendline, OKB is now in a correction phase and approaching the lower red trendline.
Moreover, the zone 40 - 42 is a strong demand zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower red trendlines. (acting as non-horizontal support)
As per my trading style:
As OKB approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
OKB has been overall bullish trading inside the rising broadening wedge pattern in red.
After rejecting the upper red trendline, OKB is now in a correction phase and approaching the lower red trendline.
Moreover, the zone 40 - 42 is a strong demand zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand zone and lower red trendlines. (acting as non-horizontal support)
As per my trading style:
As OKB approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.