Technical analysis by TheSignalyst about Symbol KCS: Buy recommendation (6/18/2024)

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈 KCS has been overall bearish, trading within the falling channel in blue.However, KCS is currently approaching the lower bound of the channel.Moreover, it is retesting a strong support - the lower bound of its range.🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support and lower blue trendline acting as a non-horizontal support.📚 As per my trading style:As #KCS approaches the blue circle zone, I will be looking for 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!~Rich