NWC – RoadMap to 0.4NWC is sitting inside a strong demand zone 0.15 - 0.2 so we will be looking for buy setups

NWC – RoadMap to 0.4NWC is sitting inside a strong demand zone 0.15 - 0.2 so we will be looking for buy setups

on H4: NWC is forming a wedge pattern in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Trigger => We also have a channel in orange formed, so the bulls can kick in from here, but we also want a break above the gray zone for extra confirmation to prove that the bulls are finally over.

Meanwhile, until the buy is activated, NWC would be overall bearish can still trade lower inside the green supply zone before the bulls take over.

Good luck!

All Strategies Are Good; If Managed Properly!

~Rich

Richard Nasr

Richard Nasr

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