ðĨ KCS Incredible Strength: Potential Break Out Soon
A couple of days ago I made an analysis on KCS and its strong upward momentum.
As seen on the chart, KCS followed my pattern almost to the letter, with more bullish price action coming to it as we speak. The bullish trend line still holds strong, so we could re-test it again in the coming days.
However, the most likely scenario in my opinion would be a bullish move towards the top resistance. I'm expecting heavy volatility around the yellow area. We will either reverse from there to re-test the bullish trend line, or we break out and will re-test the resistance later.
Happy trading!
As seen on the chart, KCS followed my pattern almost to the letter, with more bullish price action coming to it as we speak. The bullish trend line still holds strong, so we could re-test it again in the coming days.
However, the most likely scenario in my opinion would be a bullish move towards the top resistance. I'm expecting heavy volatility around the yellow area. We will either reverse from there to re-test the bullish trend line, or we break out and will re-test the resistance later.
Happy trading!
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