What are the Demand and Supply Zone Indicators?
Hello friends lets understand most important part of trading The demand and supply zone is useful in technical analysis to determine the potential areas of selling and buying the shares. The indicators which determine demand and supply zone is as follows: Pivot points: Traders use pivot points to determine the supply and demand zone, which refers to support and resistance levels. These pivot points indicate the traders’ average low, high, and closing prices from the last trading days. Support and resistance levels: Traders can use this concept to understand how support levels indicate the price levels where downward movement stops due to increasing asset demand and how resistance levels cause the price moves upward and reverses with a sell-off. Fibonacci levels: Fibonacci levels determine the turning point at demand and supply zones. These retracements are based on crucial buying or selling pressure levels, such as 50% and 61% retracements. Moving Averages:...