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VLX is sitting around a weekly demand zone in green so we will be looking for buy setups
on H4: VLX is forming an inverse head and shoulders pattern but it is not ready to go yet.


Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline.


Meanwhile, until the buy is activated, VLX would be overall bearish and can still trade dive inside the demand zone.

velas vlx price potential bullish reversal grafika numer 1velas vlx price potential bullish reversal grafika numer 1
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich


Richard Nasr

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
- Founder of RichTL, which is the first and only indicator of its kind to help traders make Objective Technical Analysis.
- TOP author on TradingView platform
- NewsCrypto.io Ambassador and Educator
- Featured on Influencive as one of the TOP 10 Forex Mentors in 2021
- Featured on many websites like Yahoo!, Market Watch, and Digital Journal


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