Education
SIMPLE ACCUMULATION ROUTINE
Hello Traders,
This Screenshot explains how Supply and Demand Acts during an Accumulation.
For Price to Accumulate Orders, Supply and Demand must be Tested more than once. In this scenario, we have multiple Tests of Supply and demand.
In order to participate effectively, one must identify these Supply and Demand areas, and Trade in the Zone,
Finally once price has accumulated enough orders, There is always a sign of strength or Breakout, at this point, we have to expect a retest of Previous Supply or Demand.
If price Rejects with an Engulfing showing Momentum after a breakout, then we have an entry signal for a potential Rally.
This Screenshot explains how Supply and Demand Acts during an Accumulation.
For Price to Accumulate Orders, Supply and Demand must be Tested more than once. In this scenario, we have multiple Tests of Supply and demand.
In order to participate effectively, one must identify these Supply and Demand areas, and Trade in the Zone,
Finally once price has accumulated enough orders, There is always a sign of strength or Breakout, at this point, we have to expect a retest of Previous Supply or Demand.
If price Rejects with an Engulfing showing Momentum after a breakout, then we have an entry signal for a potential Rally.
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.