Velas (VLX) Price – Potential Bullish Reversal!

Velas (VLX) Price – Potential Bullish Reversal!

VLX is sitting around a weekly demand zone in green so we will be looking for buy setups
on H4: VLX 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, VLX would be overall bearish and can still trade dive inside the demand zone.

VLX Chart
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich

Richard Nasr

Richard Nasr

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