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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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.