Posted by anjali25 on 14th of Jul 2023 at 05:48 pm
Thanks for sharing this Steve - my trading has improved
considerably in the past year I joined you guys 🥰
Couple of clarifications
1. Was your supply zone due to the 2 doji with tails and
then strong red candle on 3s candle slicing through support - can
You pls elaborate what you mean by “
price broke below a previous low after uptrend” - have been
trying to understand this concept so really appreciate the
clarification
2. When you refer to the break of symmetry - were you referring
to move from 132 to 107 ie $25 more than any of the others …
based on this it seems that SMH May see a stronger pullback next
week in C wave … so may be prudent to take some profits …
The supply zone was created with a break in structure as
illustrated. Simple as that as a previous low breached. Please
review again and I will post a zoomed in chart over the
weekend.
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Thanks for sharing this Steve
AMD Discussion on Supply Zone - For AUNI
Posted by anjali25 on 14th of Jul 2023 at 05:48 pm
Thanks for sharing this Steve - my trading has improved considerably in the past year I joined you guys 🥰
Couple of clarifications
1. Was your supply zone due to the 2 doji with tails and then strong red candle on 3s candle slicing through support - can You pls elaborate what you mean by “ price broke below a previous low after uptrend” - have been trying to understand this concept so really appreciate the clarification
2. When you refer to the break of symmetry - were you referring to move from 132 to 107 ie $25 more than any of the others …
based on this it seems that SMH May see a stronger pullback next week in C wave … so may be prudent to take some profits …
The supply zone was created
Posted by steve on 15th of Jul 2023 at 07:50 am
The supply zone was created with a break in structure as illustrated. Simple as that as a previous low breached. Please review again and I will post a zoomed in chart over the weekend.