Supply and demand analysis - swing set up for BAC

14 Mar 2017

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.

14 Mar 2017

Not

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.