This a zone of more willing buyers than sellers followed by an explosive rally. I am predicting price will pullback and bounce from this area in green. I set up two targets (a 1:1 & 5:1 Reward to Risk ratio), a buy limit entry price, and stop loss to set rules in place for the trade.
UPS just had earnings and hoping to catch the dip. There is a Weekly demand zone of more willing buyers between 116.61 & 120.30. The area showed a strong rally in price and took out 2 sellers' peak (in black arrows on the left) showing a great breakout and strength. I am predicting price will come down bounce from the demand zone (in green) and rally from there....
