IDEA is stuck inside a range between our two red trendlines , and it is currently approaching the lower bound / red trendline acting as a non-horizontal support
Moreover, 0.1 is a strong support and round number.
The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support (0.1) and red trendline. (acting as non-horizontal support)
As per my trading style:
As IDEA 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
