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financial_freedom_with_guna
Aug 18, 2020 3:12 PM

daily/4 hr/ 1 hr supply zone 275.6-281  Short

NASDAQ:ZM60
Zoom Video Communications, Inc.NASDAQ

Description

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daily/4 hr/ 1 hr supply zone 275.6-281

pro:
1.2 exciting red candles in hrly candles
2. zone is clear in hrly chart
3. origin of drop

cons:
1. price dropped once just near the zone with a good drop so this time it may not work. so confirmation entry

2. zoom is a very volatile, it moves with momentum, so ,if it breaks , it will move very high. so strict SL
Chart PatternsZOOMdaily_shortconfirmation_entry
Comments
financial_freedom_with_guna
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1.There was a drop just before the zone once
2. Currently price is entering 25% of the zone, but still chance is the as the zone is good
3. Take only confirmation entry , once price comes out of the zone.
financial_freedom_with_guna
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today, it just touched the supply zone and again given an instant drop of 9 points
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