AXS is sitting around a strong demand zone and round number 50.0 so we will be looking for buy setups
on DAILY: AXS formed a valid channel in red and a symmetrical triangle in orange but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, AXS can still trade lower inside the green demand zone to form an inverse head and shoulders pattern before breaking the gray zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
