When trading commodities, I tend to pay attention to pure levels of supply and demand, and I rely less on support becomes resistance or resistance becomes support.
The area you show is right in the middle of supply and demand, which are clearly marked by the two areas i drawn. Those are simply the two ends of bearish and bullish engulfings.
The area you show is right in the middle of supply and demand, which are clearly marked by the two areas i drawn. Those are simply the two ends of bearish and bullish engulfings.
DislikedHi emene,
do you observed the level I marked on the chart? When not...why?Ignored
Hello.