Identifying supply & demand zone as resistance & support for swing trading
In this video, I am going to show you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video — identifying support and resistance for swing trading video.
There is one key factor that I pay attention to, which is the price spread. I would like to see big spread bar where the price accelerates to the upside or the downside.
If we have access to the volume, we will generally see high volume for those supply or demand bars. Those big spread bars will form the supply or demand zones, which act as support and resistance.
Click below to subscribe my weekly stock trading / investing ideas in email for free:
https://hot.wishpondpages.com/ideas/ (Yes, it is free)
Charting platform: Create a free account→ www.TradingView.com
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.