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Support Resistance or Supply Demand by D este
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Support Resistance or Supply Demand |
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Investment
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There are different ways of describing Support Resistance or Supply Demand in the stock market is referred to as Reactive and Proactive levels. The charts show traders Reactive levels based on price activity from price swing lows/highs, open gaps on a chart, certain candle patterns and our sacred four open high low close. All of these reflect pure price action. Stock and Forex traders need to learn how to read charts at these levels to make profitable trades. Charting at Support Resistance levels tend to be more predictive in nature and usually do not identify levels where price has already been. These predictive levels usually arrive from analysis of current price action to predict future price levels. You need to learn and use reliable chart indicators. Chart patterns fall into one of two categories, continuation or reversal. Continuation patterns usually involve consolidation of price into a channel, or triangle, and mark a pause of a powerful trend. Instead of reversing, the trend rests before proceeding.Supply and Demand chart
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