Activity
Mon
Wed
Fri
Sun
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
What is this?
Less
More
Memberships
InvestCEO with Kyle Henris
43.5k members • Free
1 contribution to InvestCEO with Kyle Henris
23d •
Beginner question on identifying a supply zone
I have gone through the training videos a couple times, now I have TradingView on my laptop and phone and I am starting to practice identifying supply and demand zones. I know it isn't always crystal clear, so in my screen shot, the yellow arrow indicates price closing below Fractal Low#2, and it is also the first time price closes below Fractal Low#1. What is the best candle to place the Supply Zone for this new swing low where the yellow arrow is? I am thinking it is Supply Zone#1 - any thoughts one way or the other?
0 likes • 23d
Downward trend, price dropping below a swing low, that tells me there is a supply zone to set up a short entry when the price comes back up into the supply zone. I don't know which candle is the better choice to set the supply zone on.
0 likes • 23d
Thanks, I agree. I think this is an example of where this zone is created by going past a fractal, but when you go into the 5 minute lower time frame and look for a confirmation zone, you won't see the reward ratio of 2.0 at those lower time frame high/low zones, so it would not be a trade entry. "not every zone will create a winning trade"-KyleH
1-1 of 1