Drop Base Rally - Demand Zone Retest (Reversal)

Pre-Market was quiet but good news is we've got strategies for every condition. Take a look at this beautiful demand zone retest trade on BKSY this morning. There was a Drop Candle followed by a Base Candle followed by a Rally Candle. Once we have this confirmation of this setup, we patiently wait for price to come back and TEST the demand.

Notice I had my Buy Limit Order at $15.44 when price was trading at $16!
Within a matter of seconds, price pulled back right to my 5M Demand Zone and Skyrocketed out where I took a clean target. IN and OUT in less than a Minute!

A quick low risk trade to Profit from on a quiet and slow day.

3
1 reply