DislikedPlease can anyone clarify me When trading the monthly weekly daily combo If price is going up on the weekly and still low in the curve. If price hits the weekly supply and breaks it. At what time should we consider buying 1..... price breaks the weekly supply. Should we wait for price to retrace back to a weekly demand before buying on the daily demands(what if price breaks the weekly supply and keep on railing) or can we start considering buying on all daily demands since the weekly supply has been talking outIgnored
If the weekly is trending up and the momentum is up, your supply is being absorbed it means it got absorbed by a demand (so you need to find this demand), if the daily is up and supply is being removed by demand levels you can take the daily levels of demand, but you can only take Daily Demand Levels if its on the correct side of the momentum, if the TL on the daily will get broken, then you can only trade the weekly levels or daily embedded within the weekly demand (weekly momentum still needs to be intact). If taking the daily levels please make sure that you have enough room for the profit target on that particular timeframe.