Supply demand zone works amazingly with a 1 to 1 RR on stocks.
Also, the stock should be popular, many "common people" must have bought into this stock. This gives more probability to volatility and bounces.
I prefer this approach of waiting for price to come to me, over that of using buy/sell stops and trading/anticipating breakouts.
----
Story:
I learned of this stock back in Feb when I first explored Reddit stocks, and I did an analysis of potential buy zones in advance.
Fast forward to today, one of the youtubers I follow mentioned this stock when I tuned into his stream, and I checked my charts, with zero memory of my drawings in Feb.
Saw the zones I drew, and they all worked out. And I didn't make a cent from it. xD
Also, the stock should be popular, many "common people" must have bought into this stock. This gives more probability to volatility and bounces.
I prefer this approach of waiting for price to come to me, over that of using buy/sell stops and trading/anticipating breakouts.
----
Story:
I learned of this stock back in Feb when I first explored Reddit stocks, and I did an analysis of potential buy zones in advance.
Fast forward to today, one of the youtubers I follow mentioned this stock when I tuned into his stream, and I checked my charts, with zero memory of my drawings in Feb.
Saw the zones I drew, and they all worked out. And I didn't make a cent from it. xD