The principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a...
✅1) Use longer time frames to identify supply and demand zones
By zooming out, traders are able to get a better view of areas where price had bounced off previously. Be sure to use the appropriate charts when altering the between multiple time frames. Draw a rectangular shape to denote this zone. Demand and supply zones do not necessarily have to appear together...
XAUUSD GOLD SUPPLY AND DEMAND ZONES. Identifying high volume levels is very important. The reason behind this is because in high volume levels there are unfilled orders from the banks which are pending to be activated once price returns to that area. My trading is based off 4h with high level zones.
ETH is turned North Face.
-Neutral red trend is crossing, long terme purple trend. This configuration is bullish.
-In the same time ETH is going back above its previous support rope with insane objectif above.
Check out the line chart analysis. Maybe its something you can add to your toolkit.
Let me know what your favorite strategy is in the comments below.
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A lot of people dismiss the importance of volume. But the truth is, without volume, a comprehensive analysis is almost not possible. Each candle, each swing point, each supply/demand zone, each wave and each retracements volume is important not to be overlooked.
I hope this picture helps a lot of you to get some basic understanding on how I use volume to measure...
