DislikedHey flytox,
If you look at the 4h tf on g/u you can see it reached a demand level but the highest timeframe shows that the actual price level is inside a daily supply. Are you taking profit at this level or are you considering a potential break of this level?Ignored
A breakout might be likely if supply is consumed and we see several rushs to the certain area.
Demand needs to be bigger than supply, so check lower tfs for green bars and especially the moves adn reactions at the supply area.
If we see price hanging around at supply and doesnt reverse south a break out is likely.... thats me...
all in all i dont trade break outs, i always buy/sell the retest after a breakout north/south.
Works pretty nice, less stress etc.
Hero calls followed by margin calls...