Hey rick I hope this can be of some help. I tend to draw the support/ demand levels on a larger time frame than my trade interval, gets rid of the noise and also I feel like the supply/ demand levels tend to have more of an effect. I saw you had it on the hourly chart so I used the daily chart to draw supply/ demand lines. Could try different intervals too.
Bottom supply = pivot low can be characterised by the drop-base-rally patterns.
Top supply = I drew this level from using the break of the recent pivot high.@Patterns pointed me in the direction of using pivot points to draw supply/ demand levels so you could see if it works in your strategy, I've found using levels from the longer time intervals have had better results for me personally. I tend to make less trades but feel I am taking on less risk per trade.
Demand level = I just used the rally-brace-drop pattern to draw the level with the hourly chart as it was hard to find the exact level with the daily chart.
The video I mentioned regarding using pivot points to draw levels:
https://www.youtube.com/watch?v=N1Ss9MSW0Po&t=634s
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Hey rick I hope this can be of some help. I tend to draw the...
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