Advance Price Action Trading with Demand Supply & More

AlphaT

Well-Known Member
@AlphaT Just for knowlegde..... Kindly explain behaviour of market in opening session today (201/01/2020).... Is it to drive away the positional traders already short?.... How can we interpret in SD context?.... Regards
In terms of D/S nothing can be said about this behaviour because it was a life time high and there was no supply available on the left. The gap up open denotes euphoric sentiment among the retail community possibly due to the overnight earnings announcement of major companies which was sold into by insti(s) to book their long positions and the follow through selling the whole day was a testimony to this premise.
 

vivektrader

In persuit of financial independence.
Comments are on the chart @priyank0411
Given the existing compression PA, buying should be only done after some form of confirmation.

View attachment 39872
That last POI is also broken on the upside, that's redundant now, isn't it?
Edit: but before that, it did acted as a precursor to a good downmove.

Vivek
 

AlphaT

Well-Known Member
@AlphaT Just for knowlegde..... Kindly explain behaviour of market in opening session today (201/01/2020).... Is it to drive away the positional traders already short?.... How can we interpret in SD context?.... Regards
In terms of Nifty, the Demand Supply picture wasn't much at play since it was an all time high, however, if we look at it's major heavyweight component Reliance then there was definitely a D/S picture that played out as a Results trap. Reliance gaped up into a Supply due to results euphoria from where insti(s) started selling. This is very similar to the Results Trap video on the channel.
1579756892778.png


This was the video-
 

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