first time trying to implement pivots in my analysis, gives a completely new way to look at the charts. Just by adding pivots i realized that the target i had already set had to be tested before the market can further go down due to it being the breakdown level.
It was an idea that I looked at with the standard pivot points that we could find our zones around the pivot points - here is how I would have drawn the zones - mind you I have not torn this chart down - so these zones are just what we see right now
AkashGaur
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okay i understand the concept of drawing demand and supply on the charts. Seemed complex at first but i am getting it now. Thanks a lot kate , appreciate your help :)
kate25
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Akash look at your pivot point(green) can you draw the demand on the first green and the supply on the second green
AkashGaur
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Please correct me if i am wrong. but by your chart i assume that when theres a lot of demand the price up goes up and too much supply drives it down