Hi Akt . How you identify "A" or "B" as Demand? I cannot find imbalance there/ I see only one little green candle/Yes, It is a ERC candle, but it isn't real imbalance.
StorehouseAnalytics
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Hi conom, A took out sz to the left and B is an inherited zone, inherited its status as a DZ from A
Conom589
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Can we any zone created after "A" automatically identified as demand because it unherited its status? and in this case we don't need supply absorbing
StorehouseAnalytics
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an inherited zone is one that does not need to have absorbed supply (if we are talking about demand). Another zone has done the work for it
StorehouseAnalytics
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No, conom, not every zone after A would inherit its status as a DZ. it is all zones up to the pivot low at B
Conom589
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We have a rule " How To identify a Demand zone: in the Curve TF
Identify a STRONG rally in price
Trace this strong rally in price down to its origin and you have your base
"
First of all we need imbalace here, not just absorbing opposite level, Sorry but i can't see here STRONG RALLY/ No rally, no imbalance, no valid zone. Maybe there is in Weekly TF, but not in the Monthly/