Supply Zones and Demand Zones
Good day Team
I hope you all are well.
Paper Trading I do not have money like you rich people on here. Lol :-)
Here we have POLYGON on the day chart, it seems the currency is in a supply zone close to a resistance and last candle was a long wick candle indicating a struggle between buyers and sellers. RSI looks like it is reversing from the overbought area. We theorized a possible pull back to one of the DZs (demand zone) below. Let's watch these candle prints and be very careful. Have a great day!
I hope you all are well.
Paper Trading I do not have money like you rich people on here. Lol :-)
Here we have POLYGON on the day chart, it seems the currency is in a supply zone close to a resistance and last candle was a long wick candle indicating a struggle between buyers and sellers. RSI looks like it is reversing from the overbought area. We theorized a possible pull back to one of the DZs (demand zone) below. Let's watch these candle prints and be very careful. Have a great day!
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