potential reversal zone D1 or D2|EURUSD at weakly supply zone 1.06500 and 1.05241 liquidity taking creates the weekly supply zone thus expecting a reversal to 1.08307 or 1.07596 - 1.06534 demand zone
Supplydemandanalytics
The Concept of Supply / Demand TradingThe principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a robust price movement, it is likely to encounter renewed demand, consequently attracting a larger number of buyers, thereby sustaining the prevailing trend.
Rule 1: The aggressive price movement must consist of 2-3 (3 preferred) candles that demonstrate remarkable strength in their respective directions.
Rule 2: The candle retracing to the demand zone should close outside of the zone, accompanied by a wick that reflects considerable strength.
How to locate Supply/Demand Zones?_Rupa_casestudyA very good morning to all.
The purpose behind publishing this chart is not primarily to talk about "Rupa and Co.".
The primary motive is to share the right approach to analyze any chart.
What do you look for when you look at a chart at first?
I have tried to put in a numerous things that i try to spot when i see a chart.
Now to talk about this particular chart of "Rupa and co.", the stock currently is very close to a major demand zone(both horizontal support and upward rising support). It is bouncing off the upward rising demand zone almost every time it approaches it. It now also has formed a 'double bottom' along the upward rising demand zone.
INR 220-240 is also a important horizontal support area. The upward running demand zone also currently shows support at INR 240. And is it random then that the most recent bounce that the stock witnessed came from INR 240zone??
What to make of this information? It tells us that the stock is currently going through the accumulation phase and 240-270 is a good price range to accumulate it. In the future when more demand for the stock kicks in it will accelerate firstly towards the INR 400 mark and then if it breaches that, then towards INR 550 mark. Both INR 400 zone and INR 550 were past supply/demand zones(support/resistance if you want to call them that) and hence one can again expect some slowdown around these crucial zones. In case of successfully breaching the INR 550 level the stock will dash towards INR 750-800.
I am sure i missed to talk about a lot of other things but i have tried to mark them onto the chart for easy visual grasp.
One can for sure make use of various other technical indicators available to confirm the views or even plan better entries. I prefer the raw price and volume data over anything else as it is the fastest moving and most reliable thing you will see plotted on a chart.
Note*- This post is for educational purpose only.
XAGUSD buy setuphi dear traders. based on this chart, we can set a buy limit above our zone for 1:1 or 1:2 R/R
consider this based on your prespective and strategy.
Cheers.
NQ Power Range Report with FIB Ext - 11/15/2023 SessionCME_MINI:NQZ2023
- PR High: 15913.00
- PR Low: 15894.25
- NZ Spread: 41.75
Key economic events
08:30 – Retail Sales (Core/MoM)
- PPI
10:30 – Crude Oil Inventories
Another day of expected news driven volatility
- Continues to drive supply towards ATHs
Evening Stats (As of 12:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Gap 8/2: -0.33% (closed)
- Gap 7/20: -0.11% (open > 15939)
- Session Open ATR: 243.93
- Volume: 27K
- Open Int: 271K
- Trend Grade: Neutral
- From ATH: -5.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
EURUSD imbalanced is filled |expect a rise to 1.06941 liquidityA brown new daily demand zone is in control and it has weakening the daily supply zone i expect price to take out 1.06941 liquidity first before reaching 1.05247 level
EURUSD has revers to a bullish sentiment after the tap on the demand zone and a strong shift of 4H momentum candle that show strength of the buyers and weakness of the seller hence expecting a rise to 1.06941.
Short-term Buy | GBPUSD Pin rejection on demand zoneGBPUSD hits demand with pin rejection after taking liquidity at 1.21917 i am expecting a short-term buy considering the daily engulfing candle below
to a target 1.22350 zone
GBPJPY Short Idea - Sell ZonesGuys!! here we have three potential sell zones for GPJPY. Super clean and clear chart, with no noise. Have a wonderful trading week ahead. Follow your risk and confirmations. Fill your bag with bukcs.
GOLD ZonesXAUUSD Supply Zones moves price down to retest Demand area, Market is Bearish but both zones are strong enough to move market on any direction... Just waiting to retest any of them...
CADJPY 1H, Trade Alert! Buy Limit 108.210
Stop Loss 107.930
Take Profit 1 108.490
Take Profit 2 108.770
Take Profit 3 109.050
AUDCAD: In middle of the long-term channelHello traders,
There are two entry and and two TPs for this chart.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
EURUSD buy 15m Entry and Stoploss updateI have updated the entry and stoploss on EU. The TP remains the same.
Expecting a shift to the down side | GBPUSDGBPUSD have been ascending to the upside in 4H time frame taking the resent high as liquidity in to the supply zone (sell zone), regretless, the supply zone still holds since the daily time frame is bearish i am expecting a shift to the down side to take out the recent low at 1.27037 or the next at 1.26866 my expected target is 1.26624
BTCUSD will rise to to 31kBITCOIN shit at point of interest give a strong daily momentum candle(DMC) which indicate sellers exhaustion, i expect BITCOIN to rise to 31006.3 in to the supply zone
Market Structure Shift | DXY LongDXY failed to take liquidity at 101.748 and gave a structural shift to the upside with 4H bullish momentum candles indicating a potential long, i expect a reach to a target above 103.372 in to the supply zone.
DXY might take liquidity at 102.432 or tap into the demand zone(buy zone) below 102.311 before hitting the supply zone 103.372.
Time for pullback | US30US30 hits the demand zone leaving a pin rejection after taking the sell side liquidity at 34335.55 and also a 4H bullish engulfing pattern, i expect a reversal to target at 34724.97 or 34888.79 BSL
EURUSD weekly Bias | potential bearish sentimentconsidering the liquidity taking at 1.10484 and the instant bearish fall has negate the demand zone around 1.09378 - 1.09134 hence expect more of bearish sentiment
CORN wedge / triangle coiling for breakout LONGCORN on the daily chart since late June has fallen to the present level with a
flat or slowly falling support line. I see this as a falling wedge or a flat bottom triangle
slowly setting up a breakout whose upside could be 30% or more. Price had a nice
green engulfing bar to finish a down week in the general markets. CORN does not
follow the general market. It is following the collapse of the Black Sea grain deal and
the increases in the Brazil export levels. Brazil is coming into its growing season now
as it is in the southern hemisphere and spring approaches. The chart shows
CORN inside the triangle/wedge and is approaching its acute corner. I see this as
a long trade setup which I will take. If you want to trade this trade and am curious as to
the specifics as I see them, leave a comment.
potential BUY on demand zone | NasdaqNasdaq gave pin rejections on a demand zone and push to the upside with 4H momentum candle which could possibly indicate the sellers weakness.
on the daily time frame there is a bullish engulfing pattern indicating potential reversal
However WATCH OUT!
GBPUSD shows a bullish moveGBPUSD gave a star pattern after taking the sell side liquidity at 1.26602 which indicate a possible short- term buy, but i expect GU to take the liquidity at 1.26876 before pushing to the upside in to the the supply zone around 1.28066 - 1.27655
Possible bearish correction | USDCHF USDCHF on the daily time frame is still bearish ,after taking the liquidity around 0.87924 level mixed with bearish engulfing pattern and momentum candles, expecting a potential bearish move to the downside for a liquidity grab at 0.86624 ,0.87007 or 0.87175 price value
