A supply zone is an area on the chart where selling pressure is dominant, causing the price to reverse downward. Sellers overwhelm buyers, causing the price to drop. The price has previously reversed downward multiple times.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.