Supply and Demand is one of the core strategies used in trading. It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market. The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down. Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.
It makes sense to buy at a demand zone and to sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend. Trades can be made aggressively or conservatively, each with their own rules of entry and exit. TradingView has a smart drawing tool that allows users to visually identify these levels on a chart.
Triple top formation at key level resistance. Price has tried many times to break this level / higher high but is not able to & momentum has slowed down. This could be a signal that a trend reversal may come into play soon & start moving price back to the downside.
Price has made a shooting star formation at resistance structure, & price has not been able to break through the last lower high along with trend structure showing the downtrend is still intact.
Waiting for a breakout to the upside, as price has rejected previous daily resistance as new support here on the 4 hour. Price has tested the upper descending trend line 4 times now, & is showing weakness & that there may be a breakout soon to push price even higher.
Already short, if it works I'm looking to take profits off table quickly and trail stops to BE if first target is hit
I actually think we will go beyond this level, but could not resist shorting at a very strong supply level,
Am crossing fingers it retraces 61% of the recent climb which would be a nice R:R trade and give me an opportunity to go long into a long...
A bullish bat setup as a countertrend trading opportunity within the Buy Zone. I'm waiting for RSI to the oversold area or further confirmation to engage the trade.
Buy Limit @ 1.3275
Protective Stop Loss @ 1.3245
Take Profit @ 1.3305
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 4h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
NSE:UJJIVAN Buy at 264.25 with SL at 262.05. Targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly.
There is a high probability that Alts will moon around mid-september. What you see here is the total market capitalization of all crypto excluding BTC.
If we see a bounce from this low-volume node (outer-extreme/outlier) it will return back the ''value area'' also known as interquartile range in statistics.
The probability of that happening is 69%.
And there...
NSE:COALINDIA Long setup at 194.95 with SL at 192.95 and targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly.
NSE:MARUTI short at 6095 with SL at 6159.15. Targets are mentioned on the chart.
Note:
Please Consult Your Financial Advisor Before Taking Any Decision
Always risk 1% of account size per trade, adjust the position size accordingly.
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![UJJIVAN: UJJIVAN Long Setup [Intraday]](https://s3.tradingview.com/x/xxYDlcHW_mid.png "UJJIVAN Long Setup [Intraday]")
![COALINDIA: COALINDIA Long Setup [Inraday]](https://s3.tradingview.com/c/C2pahdpU_mid.png "COALINDIA Long Setup [Inraday]")
![MARUTI: MARUTI Short Setup [Intraday]](https://s3.tradingview.com/u/udF5Gqwy_mid.png "MARUTI Short Setup [Intraday]")
