There is a B.O.S arrow there. Break Of Supply. We had a LL, market was selling. But the Buy pressure broke the last Supply before the LL. The new HH has respected Daily supply yes, but left strong demand areas. If we are going to be in a new buy trend, where demand is respected and supply is broken, we just need to respect the demand and go higher. If not
The new trend would need to respect supply areas and break the demand zones. Thus, either way we want to see price at the demand areas. So we will sell it until we get there...
The new trend would need to respect supply areas and break the demand zones. Thus, either way we want to see price at the demand areas. So we will sell it until we get there...