#TATip | Supply & Demand
A short primer on one of the most fundamental aspects of trading.
i) Premise
ii) Types
iii) Identification
iv) Factors of Strength
v) Trading
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c) Length and width of the base: The less time spent forming the base, the stronger a zone is, since that connotes the buy/sell strength out there is greater than its counterpart. A narrower base is stronger. Too many wicks above/below the base depletes supply & demand.
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d) Miscellaneous: • Reversal zones > Continuation zones • The best zones form around key high time frame support or resistance levels • An exception to the supply/demand depletion factor is if there's an extremely important price from a fundamental/psychological perspective.
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v) Trading Aggressive: Bid/offer the upper/lower limit of the zone with a tight stop loss below/above the zone. Conservative: Scatter your bids throughout the zone at various intervals and place the stop loss at idea invalidation. Note: Zone retesst can be traded upon a break.pic.twitter.com/jSIZnE9H8X
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Do you mean that reversal zones are greater than continuation zones regarding the number of zones or the strength?
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