Knowing Supply and Demand zones has taken my wins from $100 to $1,000โs
Here is a thread on what they are ๐งต $SPY $SPX
Here is a thread on what they are ๐งต $SPY $SPX
Supply Zone
A supply zone is the price area at which the traders usually sell. This area is present above the current price, where the highest selling interest or potential.
When the price hits this level, the unfilled orders get completed and bring down the price.
A supply zone is the price area at which the traders usually sell. This area is present above the current price, where the highest selling interest or potential.
When the price hits this level, the unfilled orders get completed and bring down the price.
This chart shows the price reaching a specific zone, waiting for some time, and then going back down. This cycle will keep repeating itself until all unfulfilled orders get filled.
Demand Zone
A demand zone is the price area at which the traders usually buy.
This area is present below the current price, where the buying interest or potential is the highest. This means the demand zone has many buyers available due to many buying orders at that level.
A demand zone is the price area at which the traders usually buy.
This area is present below the current price, where the buying interest or potential is the highest. This means the demand zone has many buyers available due to many buying orders at that level.
In this chart, you can see an instant move to the upside. That's because when price rallies up to the demand zone, some orders get filled while the unfilled ones get absorbed.
$SPY $SPX
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Follow @RealJGBanks as this is part 1 of 7 Iโll be dropping on supply and demand zones $SPY
Follow @RealJGBanks as this is part 1 of 7 Iโll be dropping on supply and demand zones $SPY
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