Plug Power, Inc.Education
PLUG 21 AUG 2020 (MRKT Closed)
Looking at some stocks that have usable volume. Usually on the forex and crypto side. Principles are the same, but its taking some getting used to.
Saw this pullback in an up trend example where you can see the low pressure at resistance and INCREASE in demand as it creates support.
More demand + less supply = higher prices.
Look for demand at key support (from below)
look for supply at key resistance(from above)
Can see the fake out below support with the immediate push back into a range (trapped short chasers).
Pretty recognizable stuff. May have to add it to the menu when looking for optimal set up situations.
Saw this pullback in an up trend example where you can see the low pressure at resistance and INCREASE in demand as it creates support.
More demand + less supply = higher prices.
Look for demand at key support (from below)
look for supply at key resistance(from above)
Can see the fake out below support with the immediate push back into a range (trapped short chasers).
Pretty recognizable stuff. May have to add it to the menu when looking for optimal set up situations.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.