๐ฅ KCS finally break out from the pattern ๐ฅ
Hello traders ๐บ .
In my last idea about the KCS I was talked about the inverse H&S pattern which is playing out right now , and now as you can see KCS finally breaking out from the inverse H&S pattern neck line and this could bring a very good opportunity for the KCS bulls .
(you can find my previous idea about the KCS in the related ideas down below this idea)
1_pattern :
As you can see in the chart above , KCS finally break the neck line of the inverse H&S pattern and also the more important is that the KCS price create a new high above the previous high so as you can see price is currently trying the retest the daily structure as a new support and this is good sign for KCS bulls .
2_EMA Ribbon :
EMA Ribbon is now flipping to bullish and we could consider this as a bullish signal for the KCS and in my opinion price and the EMA Ribbon could touch each other around the daily support structure ,
3_ TSI & RSI :
In the RSI we haven't any kinds of divergence but the RSI is currently above the 50 and still didn't reach the over buy value .
But in the other side we could see that the TSI is currently breaking above the zero line and this a bullish signal for the KCS .
4_ price targets :
About the price targets I would expect something like a above picture but it's not for sure for example price could reach the ATH price without any retest the important levels or also it's possible to fail this long trade , However I think that the first level of the resistance for the CS is around the 0.618 but the last target of this inverse H&S pattern is around the ATH price .
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
In my last idea about the KCS I was talked about the inverse H&S pattern which is playing out right now , and now as you can see KCS finally breaking out from the inverse H&S pattern neck line and this could bring a very good opportunity for the KCS bulls .
(you can find my previous idea about the KCS in the related ideas down below this idea)
1_pattern :
As you can see in the chart above , KCS finally break the neck line of the inverse H&S pattern and also the more important is that the KCS price create a new high above the previous high so as you can see price is currently trying the retest the daily structure as a new support and this is good sign for KCS bulls .
2_EMA Ribbon :
EMA Ribbon is now flipping to bullish and we could consider this as a bullish signal for the KCS and in my opinion price and the EMA Ribbon could touch each other around the daily support structure ,
3_ TSI & RSI :
In the RSI we haven't any kinds of divergence but the RSI is currently above the 50 and still didn't reach the over buy value .
But in the other side we could see that the TSI is currently breaking above the zero line and this a bullish signal for the KCS .
4_ price targets :
About the price targets I would expect something like a above picture but it's not for sure for example price could reach the ATH price without any retest the important levels or also it's possible to fail this long trade , However I think that the first level of the resistance for the CS is around the 0.618 but the last target of this inverse H&S pattern is around the ATH price .
This is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .
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