Hourly_long
hourly long 364.5-362.9 pro: 1. origin of location move 2. 3 exhourly long 364.5-362.9
pro:
1. origin of location move
2. 3 exciting candle in 5 min
3. origin of 5 min candle move
con:
1. smaller 5 min exciting candle
2. stock is near all time monthly supply, so if it comes downward, it can be aggressive based on margin of safty
BAC DAily/Hourly demand zone 25.55 - 25.2 BAC DAily/Hourly demand zone 25.55 - 25.2
cmp:25.95 17 aug 2020 price quite near to demand zone, after making few exciting drop in hourly candles
pro:
1. 2 exciting candles legout
2. origin of upmove in hourly candles
3. good single exciting candle legout in daily location time frame
4. BAC is in trend till it hit next weekly supply
Con:
1.Approaching and near weekly supply
2. hourly candles lots of base in left of the zone, so zone might not work
3. SPY is near previous all time high, so if it correct. this level may not hold
entry around 48.65 sl 48INTEL is making HIGHER HIGH HIGHER LOW in 60min candles after a massive drop due to loosing market share of 16% to rival AMD.
It is just above reacting from a WEEKLY demand, and now making HIGHER HIGH HIGHER LOW in 60min . so take as entry around 48.65 sl 48
cmp:48.97 12 Aug 2020 , price just created the hrly candle.
