KCS is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline
Moreover, the area 15.0-16.0 is a "Resistance turned into Support".
So the highlighted purple circle is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline.
As per my trading style:
As KCS approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom , 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