This chart is for observation purposes only.
Currently prices are in an extended range and behavior is very similar to the May-July 2015 range and my hunch is distribution. I am only comparing the Preliminary and Secondary supply levels and lowest demand level.
This is ONLY a technical comparison for observing price behavior. I mark supply/demand levels on the following criteria:
1. I only mark closing prices
2. The inflection requires at least 2 breakout bars (breakout = 'closes' higher/lower than previous high/low.
3. If a closing price does not exceed the previous bars 'high' price, the previous bar is marked as Supply. Vice Versa for Demand.
4. I view a gap as a breakout bar.
Good trading all!
Currently prices are in an extended range and behavior is very similar to the May-July 2015 range and my hunch is distribution. I am only comparing the Preliminary and Secondary supply levels and lowest demand level.
This is ONLY a technical comparison for observing price behavior. I mark supply/demand levels on the following criteria:
1. I only mark closing prices
2. The inflection requires at least 2 breakout bars (breakout = 'closes' higher/lower than previous high/low.
3. If a closing price does not exceed the previous bars 'high' price, the previous bar is marked as Supply. Vice Versa for Demand.
4. I view a gap as a breakout bar.
Good trading all!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.