Supply zone = RESISTANCE
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
Evelyn
Demand zone = SUPPORT
Ideally you would like to see the previous resistance become the new support. If that support breaks, it is back to being a resistance and the PRIOR supply zone/resistance should be watched for a possible support/bounce.
Short term bias - Sideways trading, bearish.
Thank you for watching
Evelyn
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