Flashcards in Plotting Supply & Demand Zones Deck (30)
What indicator give us highest probability to repeat.
Fast arrival, Little time spent basing, Fast departure
Each zone lets us know upcoming ___ ____ for trading.
Based on the zone we can setup ___, ____, or ____.
entry, stop, or target
When illustrating our zones we want to be ___ of supply & ___ of demand
High & Low
When illustrating the height of a demand zone where do we start and finish?
lowest point (including wick) to top of body (not including wick)
When illustrating the height of supply zone where do we start and finish?
highest point (including wick) to bottom of body (not including wick)
The closer price get to origin zone the ____ probability that formation will repeat the origin pattern.
What timeframe is where major sways happen?
Once zones are violated its no longer valid. True or False
What does violate mean?
Pass through zone
What does broken mean?
Wick or body crosses the zone line
What does the continuation pattern drop-base-drop allow us to do?
What does the continuation pattern rally-base-rally allow us to do?
What does the (peak) reversal pattern rally-base-drop allow us to do?
What does the (valley) reversal pattern drop-base-rally allow us to do?
How many types of zones and name them?
Origin, Fresh, Original
If zone is not violated it is still fresh. True or False
Fresh levels are done if price hit fresh zone. True or False
Uptrends we look for ______.
Downtrends we look for _____.
_____ zones are typically behind the ____ origin.
Which timeframe do we typically find the origin zones?
Which timeframe do we typically find the in between zones (Original, Fresh)?
Weekly, daily, or hourly timeframe
Further from the origin is higher probability that it will repeat. True or False
False - Closer & Lower
What does probability one signify?
What are we looking for when close to point of origin or further away?
What are we looking for when looking for how fast or slow a price return to a zone?
Origin zones are only with reversals. True or False
Original zones are only with continuation. True or False