Teach

SUPPLY AND DEMAND

Understanding supply and demand zones is critical to becoming a successful trader.

To identify these I first identify areas of choppy price action. I then use the rectangle tool to extend these areas out into the future.

You usually find that when price meets these zones again you will see some resistance. Much like trend lines, these zones are strongest on the first meeting and lose their effectiveness the more times price butts into them.

When a supply zone is lost it becomes a demand zone and vice versa.

A student of life. I trade things. Here to help you make better decisions. Founder of the /teach channel.

In trading, supply and demand have a a myth
It is premium vs discount

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Those are also good terms to use that can help people who are just starting out trading. People tend to understand the concept of buying when the price is discounted although in reality people often tend to be too fearful to do this in trading. It's a great mindset to have though.