COVAL Idea

Off the previous setup the resistance line in Blue was confirmed n that turn around and failed to exit and continue the green trajectory. I created from the support bounce the next sets of pivot trend channels for the retrace up for a cup and handle condition that I think could be the run up for this accumulation phase. I will be looking at the candlesticks changing on higher highs on the divergances and the Reversal Lower highs within each Channel Targers. I will focus w RSI finding the 70 take profit range 30 Buy range and see where in the MACD are we crossing. These are my notes

None of this is financial advice. I hope you gain knowledge from these charts and grow your knowledge.

Stay Blessed