Advance Price Action Trading with Demand Supply & More
- Thread starter AlphaT
- Start date
- Tags demand supply nifty price action trading
Monthly, Weekly, Daily all in strong up trend!
On the daily, no doubt currently price is deep inside a SZ within the context of a strong uptrend. So counter trend shorts would require solid confirmation PA to take place at LTFs!
Let's looks at the 15 min that was posted yesterday.
In a strong uptrend, none of the DZs were destroyed till then. Price was reacting from the SZ but also reacted up from the DZ, no conf PA at all in any way to go short. In such a situation it's very risky to enter short. Now in hindsight, we see today that the SZ gave nice move down, however, at that point it time it was not a good idea to have entered short as explained above.
On the daily, no doubt currently price is deep inside a SZ within the context of a strong uptrend. So counter trend shorts would require solid confirmation PA to take place at LTFs!
Let's looks at the 15 min that was posted yesterday.
In a strong uptrend, none of the DZs were destroyed till then. Price was reacting from the SZ but also reacted up from the DZ, no conf PA at all in any way to go short. In such a situation it's very risky to enter short. Now in hindsight, we see today that the SZ gave nice move down, however, at that point it time it was not a good idea to have entered short as explained above.
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