Three bullish setups of IBM on 2H(more confidence in the weekly)
My trade idea is based on weekly chart. It's confluence trading with weekly demand zone & Fibs & Flip. If you don't mind the USD4 to USD5 stop loss. You can choose to enter or use call options. I'm confident on the weekly zone.
I drew three possible entry zones on 2H chart for your reference.
I drew three possible entry zones on 2H chart for your reference.
Note
The zone holds well. I saw what I want to see but lack of impulsive move. Momentum is a bit weak. Patiently wait.Trade active
Retest finished. It looks good for the entry.
Note
My zone worked well. Now, price is near the key level. We need to watch.
Note
Gap up over the key level...Heading to the next key level marked in pink color
plan your trade and trade your plan
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plan your trade and trade your plan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.