Academy
GE Approaching Demand ZoneDemand zone identified here on GE. I used the 5min chart to zero in my proximal and distal lines. The zone has already been eaten into once but I'm confident that there are plenty more orders down here waiting to be filled, given the speed at which price has left this zone. I'm a buyer at $17.51.
Telecom ETF approaching Supply ZoneThis decision began with a look at the broader market on the Daily time frame. SPX was clearly up (retail levels) so I knew to begin looking for a selling opportunity. I then browsed through the sectors, noting that Telecoms were the largest % gainers (in line with the SPX direction). I looked up and left to find where price began it's last powerful descent, then honed in on the 1hr time frame to map my distal and proximal lines for two separate Supply Zones.
BPL Approaching Demand LevelStill experimenting with Online Trading Academy's Supply and Demand strategy. I realize this doesn't exactly qualify as a fresh level but there were undoubtedly a HUGE amount of institutional buy orders placed around $45.10. Let's see if there are still some waiting to be filled down there as BPL approaches the level over the next few days.