AL RAMZ CORPORATION (2H chart)
ALRAMZ just threw down a textbook bounce off the demand zone, broke the daily downtrend line, and momentum's lit. That 1.57 level? That’s the kill zone. Could be Wave A or 1 — either way, bulls are cookin'.
Looks like we’ve completed a **corrective structure** post-Wave 5 top near 1.70.
The impulsive drop into the **Demand Zone (0.97–1.01)** has been met with strong buying — potential by breaking the daily trendline and start of a new motive wave or large corrective rally.
* **Demand Zone:** 0.97–1.01 (key support that triggered this bounce)
* **Supply Zone (Target):** 1.57–1.60 (prior consolidation & resistance)
RSI Recently triggered a **Bullish Divergence**
RSI has spiked above 80, suggesting **strong bullish momentum**
🧠 **Trade Setup**
* **Entry:** 1.12 (post-breakout retest)
* **Stop Loss:** 0.97 (below Last Low)
* **Take Profit:** 1.57 (major supply resistance zone)
**Risk/Reward:**
* **R/R = 3:1**
"In trading, it's not about prediction, it's about preparation." – Mark Douglas
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only and not financial advice. Trading involves risk, so manage position size accordingly and always use stops.
ALRAMZ just threw down a textbook bounce off the demand zone, broke the daily downtrend line, and momentum's lit. That 1.57 level? That’s the kill zone. Could be Wave A or 1 — either way, bulls are cookin'.
Looks like we’ve completed a **corrective structure** post-Wave 5 top near 1.70.
The impulsive drop into the **Demand Zone (0.97–1.01)** has been met with strong buying — potential by breaking the daily trendline and start of a new motive wave or large corrective rally.
* **Demand Zone:** 0.97–1.01 (key support that triggered this bounce)
* **Supply Zone (Target):** 1.57–1.60 (prior consolidation & resistance)
RSI Recently triggered a **Bullish Divergence**
RSI has spiked above 80, suggesting **strong bullish momentum**
🧠 **Trade Setup**
* **Entry:** 1.12 (post-breakout retest)
* **Stop Loss:** 0.97 (below Last Low)
* **Take Profit:** 1.57 (major supply resistance zone)
**Risk/Reward:**
* **R/R = 3:1**
"In trading, it's not about prediction, it's about preparation." – Mark Douglas
### ⚠️ **Disclaimer:**
This analysis is for educational purposes only and not financial advice. Trading involves risk, so manage position size accordingly and always use stops.
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.
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.