SUPPLY AND DEMAND ZONE (SUPPORT/RESISTANCE )

YES....AS SIMPLE AS IT LOOKS. NOW NIFTY IS HOLDING AT A GAP RESISTANCE COMBINED WITH 78% FIB LEVEL. IT WILL SOON DROP DOWN TO THE PREVIOUS SUPPLY ZONE LEVEL (SHOWN BY DOWNWARD ARROW) AND THEN IT WILL WORK AS A DEMAND ZONE WHICH WILL MOVE THE PRICE UPWARD TO THE NEXT GAP RESISTANCE LEVEL (SHOWN BY UPTREND ARROW).


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Commento:

I HAVE ADDED A UPDATED CHART IN A NEW POST. PLEASE FOLLOW THAT ONE, THANK YOU. DESCRIPTION WILL REMAIN SAME