INTRODUCTION TO SUPPLY AND DEMAND - PART 2Price Structure
There are four common structures that are used to identify supply & demand levels on forex charts:
1) Drop- Base- Rally
2) Rally-Base-Drop
3) Rally-Base-Rally
4) Drop-Base-Drop
Advanced
INTRODUCTION TO SUPPLY AND DEMANDWe now know that supply and demand are fundamental driver of price.
Now lets look it into simple context to better understand how supply exceeds demand.
bat pattern potential selling opportunity on EURUSDgood day everyone
the market is so volatile and instable
lots of trades are changing directions due to the news
however on the long run im waiting for this trade on the bat pattern to go short as per the chart showing
Bullish Black Swan PatternPrice reached a strong support level and it may reverse to hit profit target shown on the chart . Take care .
Bearish A Shark PatternPrice reached a strong resistance zone and it may reverse to hit profit target shown on the chart . Take care .
Bullish A Crab PatternPrice reached a strong support zone and it may reverse to hit profit targets shown on the chart . Take care .
Bullish Dragon PatternPrice has to break above 1.80000 for the pattern to be valid . Profit target is on the chart . Take care .
Bullish Dragon PatternThe pattern has to be validated by breaking above 0.72400 . Profit target is on the chart . Take care .
Bearish A Shark PatternPrice reached a strong resistance level and may reverse to hit profit targets shown on the chart . Take care .
Bullish Dragon PatternPrice has to break above 1.48800 for the pattern to be valid . Profit target is on the chart . Take care .
Bearish Dragon PatternThe pattern completed with price breaking below 0.76250 . Profit target is on the chart . Take care .
Bullish Cypher + Bullish DragonTwo Patterns confluence in the same direction and price may reverse to hit profit targets shown on the chart . Take care .
Bullish A Cypher PatternPrice may react to the pattern and reverse to hit profit targets shown on the chart . Take care .
Bullish Cypher PatternPrice reached a strong support level and price may reverse to hit profit targets shown on the chart . Take care .
Bullish Dragon PatternPrice has reached a strong support zone and may reverse to hit profit target shown on the chart . Take care .
Bearish Dragon Pattern The pattern completed with price breaking below 0.79100 . Profit target is on the chart . Take care .
Bearish Dragon PatternPrice has to to break below 0.72750 with a candle close before we can sell . Profit target is on the chart . Take care .
Bearish Bat + Bullish DragonAfter price hits Bat pattern targets hopefully we may seek for the price to break above 109.600 to hit the Dragon pattern target . Take care .
Bearish 3 Drives PatternPrice reached a strong resistance zone and price may reverse . Profit targets are on the chart . Take care .
Bullish Black SwanPrice reached a strong support zone on the daily time frame and it may reverse . Potential profit targets are on the chart . Take care .
Bullish Dragon PatternThe pattern has a good success rate and price broke the trend line to the upward . Profit target is on the chart . Take care .
Bullish GartleyThe pattern is forming at a strong support zone and price may reverse to hit profit targets shown on the chart . Take care .
Bullish A Nen STAR + Bullish Black SwanTwo advanced patterns formed at a strong support level and price may reverse and hit profit targets shown on the chart . Take care .
