SPY - Monthly Expanded View 2008 - 2022

Started by OZER, Jan 09, 2022, 04:19 PM

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 why isn't this a supply zone?  The area I'm referring to is where you see that most recent big sell off candle at the top of the range 6 candles back from the sell off supply candle you marked out.   Similarly there are also several other supply zones on the way back up so how do you know the one you marked out is the true last point of supply?At 10:00 in you have marked out the supply zone on the 1 min time frame.  I completely recognise this as a supply zone, but I also see a supply zone just above it which hasn't by the looks of it been mitigated. My question is why don't you consider this supply zone


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