VLX is sitting around a strong demand zone in green so we will be looking for buy setups
on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.
Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.
Meanwhile, since VLX is sitting inside our demand zone , we will be looking for buy setups on lower timeframes.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
