Supply zone = RESISTANCE
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
Evelyn
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
Evelyn
Related publications
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.
Related publications
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.