See previous 2 posts.
The supply zone is even present on the 15 minute time chart!
When they all line up at the same price (nearly), there is a higher likelihood that price will return to this zone or reflect off it.
There is still a chance, (probability is never certain) that price will NOT reflect, but blow through immediately. There is also a chance that it reflects and then returns in any number of minutes later, and then either reflects again or blows through.
By trading on a smaller time frame, we can take advantage of the price fluctuations within the channel (between zones). On a larger time frame, those opportunities are hidden inside the relatively larger candles (by time), so the position would have to be held a longer time with exposure to volatility.
I fully expect price to climb beyond this zone....but when?
Right now, it doesn't look like the time. It will probably reflect. But in a few hours, when more 4 hour candles can form, it will likely continue bullish momentum.
The supply zone is even present on the 15 minute time chart!
When they all line up at the same price (nearly), there is a higher likelihood that price will return to this zone or reflect off it.
There is still a chance, (probability is never certain) that price will NOT reflect, but blow through immediately. There is also a chance that it reflects and then returns in any number of minutes later, and then either reflects again or blows through.
By trading on a smaller time frame, we can take advantage of the price fluctuations within the channel (between zones). On a larger time frame, those opportunities are hidden inside the relatively larger candles (by time), so the position would have to be held a longer time with exposure to volatility.
I fully expect price to climb beyond this zone....but when?
Right now, it doesn't look like the time. It will probably reflect. But in a few hours, when more 4 hour candles can form, it will likely continue bullish momentum.
