WEEKLY: Right Chart
DPZ is overall bullish trading inside the blue rising broadening wedge , and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes.
DAILY: Left Chart
DPZ is forming a channel in red 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.
Trigger => Waiting for that swing high to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, DPZ would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
