UDS – Bulls on the Move!

[theSignalyst]

Hello Undeads Family / Fellow Traders. This is Richard, also known as theSignalyst.

UDS has been overall bullish trading within the rising channel marked in blue.

This week, UDS has been retesting the lower bound of the channel.

Moreover, the green zone is a strong structure.

Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower blue trendline and green structure.

As per my trading style:
As #UDS approaches the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

* Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr*