BA further movement
Downward Trend is confirming.
1. HA chart continuous down trends with no wicks upwards.
2. Parallel channel forming, more precisely Down- Flat-Down channel
3. Next support level 213, if closes below 213, expect 207 stop (based on 5 days awing.
4. Supply zone - 188
Good opportunity for selling calls OTM @230?
Please share your thoughts.
1. HA chart continuous down trends with no wicks upwards.
2. Parallel channel forming, more precisely Down- Flat-Down channel
3. Next support level 213, if closes below 213, expect 207 stop (based on 5 days awing.
4. Supply zone - 188
Good opportunity for selling calls OTM @230?
Please share your thoughts.
Note
As analyzed BA further down. It entered into 199, mid demand zone. Tomorrow morning wait for 2 hour session before taking ant trade. I see it going further down.
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