Daily timeframe:
-I like the daily supply zone from where price dropped and broke upward trend lines + removed structure.
-Once price pulls back into the daily supply zone either taking the whole daily supply for a 1:1 or 1.5:1 and taking profits or moving SL to BE.
-Once price pulls back into the daily supply, go down to a lower timeframe like 1min-5min and wait for selling setups with 3x confirmation.
#supplyanddemand #stocks
-I like the daily supply zone from where price dropped and broke upward trend lines + removed structure.
-Once price pulls back into the daily supply zone either taking the whole daily supply for a 1:1 or 1.5:1 and taking profits or moving SL to BE.
-Once price pulls back into the daily supply, go down to a lower timeframe like 1min-5min and wait for selling setups with 3x confirmation.
#supplyanddemand #stocks