PINKPANTHER5 wrote:How do you determain supply and demand?? What exactly is it?
When price is rallying that means there is a big imbalance between buyers and sellers. If price is running up you have a lot of buyers in the market and vice versa.
When price is making a high or low and stays in that area for a while by several up and down candles then price is creating a supply or demand zone.
This is the place where buyers and sellers are almost in agreement. Price can't travel in a directions. But when price is leaving that area you will see fast movements in the market running to the next supply or demand zone!