Supply and demand analysis - swing set up for BAC
Monthly trend is up, Weekly trend is up. Nice weekly bull engulf. within that level is a daily level with a nice departure. 2 80% erc (extended range candles that close near 80% of their range) with a big gap. single candle base on the daily.
How to read my charts -
Blue is daily level and trendline
Green is weekly level and trendline
orange is Monthly level and trendline.
How to read my charts -
Blue is daily level and trendline
Green is weekly level and trendline
orange is Monthly level and trendline.
Note
My trade entries do not show up on this chart but I am trading blue level plus 10% on top adn 15% on the bottom. with a 3:1 target.
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