back to it yet. Here are the six components of a good supply zone: 1) Moderate volatility, a supply zone typically shows narrow price behavior. When a lot of people want to buy a certain item with limited quantity, price will go up until the buying interest matches the items available. How to use the concept of supply and demand? When everyone has bought and when there are no buyers left, the support level will break and price falls until it reaches a price level where buyers will get interested again.
The majority of theses places will be supply and demand zones. Order absorption why common trading knowledge is wrong, the scenario below is something jobs working from home in north carolina we all have seen hundreds of times. Chart example supply and demand imbalances There are three things in particular that we look for when identifying high probability price areas: 1) A strong trending move prior to the reversal 2) The strong reversal itself. If you marked a supply zone which had a huge drop consisting of multiple bearish large range candles then according to the rules the zone has a really high chance of working out successfully if you decide to trade. A strong imbalance between buyers and sellers leads to strong and explosive price movements. A large number of times I bet. Each time the ball hits the ground, some of the energy is absorbed by the floor.
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