Understanding Supply and Demand | Fundamental Method vs. The Order Flow Method (2023)

Summary

In this educational video, Numan Ashjad, Head Trader at Blackline Training, explores the concept of supply and demand from both a traditional and order flow perspective. He explains the market's four phases: accumulation, markup, distribution, and markdown, highlighting how smart money operates within these cycles. Ashjad then delves into order flow analysis, demonstrating how aggressive orders can indicate market movements and provide insights into support and resistance levels. He emphasizes the importance of a structured approach to identifying these levels and encourages traders to analyze the market from a broader time frame for better trading decisions.

Takeaways

• 📈 Understanding the structure of supply and demand and how institutional traders use it is crucial for improving trading systems.
• 🔍 The market moves in cycles, including accumulation, markup, distribution, and markdown phases, which are key to identifying trading opportunities.
• 💡 Accumulation phase is where smart money buys, and prices consolidate, indicating a potential upcoming breakout.
• 📊 Markup phase is characterized by a price trend higher, often initiated after the accumulation phase by smart money.
• 📉 Distribution phase is where smart money starts taking profits, and retail traders often chase the price, which can lead to a price drop.
• 🚫 Mark down phase is when there are no buyers left, and sellers dominate, causing the price to trend lower.
• 🛑 Entry points for trades should be carefully chosen, often at the re-test of demand or supply zones, not at the breakout points.
• 🔑 Consolidation areas act as strong support or resistance levels, as they are where smart money has significant positions.
• 👀 Order flow analysis provides insights into the aggressiveness of buyers and sellers, which can predict price movements more accurately than traditional candlestick charts.
• 📚 Delta analysis, which measures the difference between aggressive buy and sell orders, can reveal significant imbalances indicating potential price direction.
• 🌐 Always start by looking at the bigger picture, from monthly to smaller time frames, to understand the overall market trend and identify strong support and resistance levels.

Q & A

What are the four phases of the market cycle as described in the script?

The four phases of the market cycle are the accumulation phase, where smart money buys; the markup phase, where the price trends higher; the distribution phase, where smart money starts taking profits; and the markdown phase, where sellers take over and the price trends lower.

What is the significance of the accumulation phase in the context of supply and demand?

The accumulation phase is significant because it is where smart money buys the market, often leading to a price consolidation within a certain range. This phase is characterized by the price being rejected at higher levels and then being bought up again, indicating a strong underlying demand.

How do retail traders typically behave during the markup phase?

During the markup phase, retail traders often start chasing the price, as they see the market trending higher. However, smart money is usually already in position and making profits from the move, rather than initiating new positions.

What is the role of the distribution phase in a market cycle?

The distribution phase is where smart money starts distributing or taking profits off their positions. This phase often sees the price moving higher, but it is also where retail money, or 'dumb money,' starts chasing the market, which can lead to a potential reversal.

What is the concept of a re-test of the demand zone in trading?

A re-test of the demand zone is when the price returns to an area where there was previously strong buying pressure. The idea is that smart money will defend their positions and not let the price break below this area, making it a potential entry point for long positions.

How do aggressive orders impact the market according to the order flow perspective?

Aggressive orders, such as market orders, can significantly impact the market by quickly absorbing the available supply or demand, leading to rapid price movements. These orders are often placed by institutional traders who need to get filled immediately and are willing to pay the current market price.

What is the importance of looking at the bigger picture when identifying support and resistance areas?

Looking at the bigger picture is important because higher time frame levels, such as monthly or weekly, are often more significant and represent where big money is positioned. These levels tend to act as strong support or resistance areas, influencing the market's direction in lower time frames.

Why are consolidation areas considered strong support or demand areas?

Consolidation areas are considered strong support or demand areas because they represent levels where smart money has accumulated positions. When the price retests these areas, it is expected that smart money will defend their positions, making it difficult for the price to break below these levels.

What is the role of the markup phase in relation to smart money and retail traders?

In the markup phase, smart money is typically already in profit and may start taking profits off the table, while retail traders may be entering the market, chasing the trend. This phase is not ideal for initiating new positions by smart money but is a time for profit-taking.

How can the order flow analysis provide insights into market movements?

Order flow analysis provides insights into market movements by showing where and how many contracts were traded at specific price levels. It reveals the aggressiveness of buyers and sellers, the volume of trades, and can indicate potential support and resistance levels, giving traders a more informed perspective on market dynamics.

What is the significance of the re-test of the supply zone in a down-trending market?

The re-test of the supply zone in a down-trending market is significant because it represents an area where smart money has previously sold heavily. If the price retests this area, it is expected that smart money will defend their positions, making it a potential entry point for short positions.

Outlines

00:00

📈 Understanding Market Cycles and Trading Strategy

This paragraph introduces Numan Ashjad, a head trader at Blackline Trading, who will discuss supply and demand from three perspectives: fundamental, order flow, and integration for finding an edge in trading. The fundamental view involves analyzing market cycles, including the accumulation, markup, distribution, and markdown phases, which represent different stages of market behavior and smart money activity. The entry point for trades is highlighted as being crucial, with the re-test of the demand zone being a favorable entry for long positions, as it is where smart money defends their positions and prevents the price from falling further.

05:02

🤑 Entry Points and Market Phases in Trading

The second paragraph delves deeper into the concept of entry points in trading, emphasizing the importance of understanding the accumulation and distribution phases to identify where smart money is buying or selling. It explains that the best entry points are during the re-tests of breakout zones or consolidation areas, rather than chasing the market during markup or markdown phases. The paragraph also illustrates how consolidation areas act as strong support and demand zones, while distribution phases create strong resistance areas, as smart money defends their positions when the price re-enters these zones.

10:02

📊 Order Flow Analysis for Advanced Trading Insights

This paragraph introduces the concept of order flow analysis, which provides a more detailed look at supply and demand dynamics by examining the interaction between buyers and sellers through limit and market orders. It explains how aggressive orders can move the market and how consolidation sessions often lack significant price movement due to the absence of such orders. The importance of analyzing the volume and contracts traded at specific price levels is highlighted, as this information can indicate the strength of support and resistance areas and the aggressiveness of market participants.

15:03

📉 Recognizing Market Imbalances and Trading Opportunities

The fourth paragraph continues the discussion on order flow, focusing on how to identify supply and demand zones by analyzing the volume and aggressiveness of orders. It uses examples to illustrate how the order flow can reveal significant market imbalances and provide insights into potential trading opportunities. The paragraph also mentions the use of cumulative Delta and volume Delta as tools to corroborate the strength of support and resistance levels, emphasizing the importance of having a structured process for analyzing these levels.

20:04

🌐 Zooming Out for a Broader Market Perspective

The final paragraph concludes the video script by emphasizing the importance of starting with a broader market perspective when analyzing supply and demand. It suggests beginning with the largest time frames, such as monthly charts, and narrowing down to smaller time frames to understand the overall market trend and how smaller time frames fit into this context. The paragraph stresses the significance of identifying strong support and resistance levels on larger time frames, as these are often where big money is positioned and can influence future market movements.

Keywords

💡Supply and Demand

Supply and Demand is a fundamental economic concept that describes the relationship between the quantity of a good or service that producers are willing to supply and the quantity that consumers are willing to purchase at various price points. In the context of the video, it refers to the forces that drive the price of financial assets, such as stocks or commodities. The video discusses how understanding these forces can improve trading strategies by identifying market cycles and the behavior of institutional traders.

💡Institutional Traders

Institutional Traders are professional entities such as banks, hedge funds, and other large financial institutions that trade in significant volumes. They are important in the video because they are seen as 'smart money' that influences market movements. The video explains how these traders use supply and demand to initiate and close their positions, which can provide insights into market trends and potential entry and exit points for trades.

💡Market Cycles

Market Cycles refer to the recurring patterns of economic activity that markets go through, including growth, peak, contraction, and trough. In the video, it is explained that there are four phases of market cycles: accumulation, markup, distribution, and markdown. Understanding these cycles can help traders predict market behavior and make informed decisions.

💡Accumulation Phase

The Accumulation Phase is a market cycle stage where smart money is buying the asset, often at a price that is considered a consolidation range. Prices do not break out of this range significantly as the asset is being accumulated by large investors before a potential breakout. The video describes this phase as a period of buying before a price increase.

💡Markup Phase

The Markup Phase is when the price of an asset starts to trend higher after the accumulation phase. This is the phase where retail traders often start to enter the market, chasing the rising price. However, the video points out that smart money has already established their positions and is profiting from the move, rather than initiating new ones.

💡Distribution Phase

The Distribution Phase occurs when the price of an asset has risen significantly and smart money starts to take profits by selling their positions. This phase is characterized by a decrease in buying pressure as institutional traders distribute their assets, often leading to a price decline. The video explains that this is a phase where retail traders may continue to buy, but smart money is selling.

💡Mark Down Phase

The Mark Down Phase is the final stage of the market cycle where sellers dominate and the price of the asset begins to decline significantly. Buyers are no longer willing to purchase at the higher prices, and the market experiences a lack of demand. The video describes this as a phase to avoid for new positions, as it signifies a market downturn.

💡Order Flow

Order Flow in trading refers to the sequence of buy and sell orders that are executed in the market. It provides insight into the dynamics of supply and demand by showing the levels at which orders are being filled. The video emphasizes the importance of order flow analysis for understanding market movements and identifying potential trading opportunities by observing the aggressiveness of orders and the volume of contracts traded.

💡Support and Resistance

Support and Resistance are levels on a price chart at which the price of an asset tends to stop falling and start rising (support), or stop rising and start falling (resistance). In the video, these concepts are discussed in the context of both traditional price action analysis and order flow analysis. The video explains that understanding these levels can help traders identify potential entry and exit points for trades.

💡Risk-Reward Ratio

Risk-Reward Ratio is a fundamental concept in trading that compares the potential risk of a trade to the potential reward. It is used to evaluate the attractiveness of a trade. The video mentions that the best entry points for trades are often where the risk-reward ratio is most favorable, such as during the re-test of a demand zone or supply zone.

💡Re-test

A Re-test in trading is when the price of an asset returns to a previously established support or resistance level after a breakout. The video explains that re-tests are important because they represent potential entry points for trades. If the price does not break through the previously established level, it suggests that the level is strong and could be a good opportunity to enter a position in the direction of the trend.

Highlights

Understanding the structure of supply and demand is crucial for improving trading system probabilities.

Numan Ashjad, Head Trader at Blackline training, discusses supply and demand from three angles: fundamental, order flow, and integrating these methods for an edge.

The market moves in cycles, beginning with the accumulation phase where smart money buys and prices consolidate.

The markup phase is characterized by the breakout of prices as retail traders chase, while smart money is already in profit.

The distribution phase involves smart money taking profits, while retail traders chase the market, leading to a potential dump.

The markdown phase is when sellers dominate and prices trend lower due to lack of buyers.

Entry points in trading should be identified as re-tests of demand zones where smart money defends their positions.

Supply zones are areas where aggressive selling occurs, and re-tests of these areas can be entry points for short trades.

Consolidation areas act as strong support and demand zones, while distribution phases create strong resistance.

Aggressive orders, not limit orders, are what move the market according to order flow analysis.

Order flow provides insights into price movements, identifying when and where aggressive buying or selling occurs.

Supply and demand zones can be spotted more accurately with order flow analysis, giving traders an edge.

Traders should look at bigger time frames to understand the overall market trend before analyzing smaller time frames.

Monthly and weekly time frames are more indicative of strong support and resistance levels due to big money positioning.

A coherent and structured process is essential for identifying support and resistance areas in trading.

The video aims to provide value by teaching traders how to analyze supply and demand for better trading decisions.

Transcripts

if you can understand the structure of

supply and demand and learn how

institutional Traders use supply and

demand to initiate and close their

positions you can significantly increase

the probability of your trading system

hi everyone my name is Numan ashjad and

I am a head Trader at Blackline training

and in this video we are going to

discuss the topic of supply and demand

we're gonna discuss a topic from three

angles we will look at the fundamental

way to look at supply and demand we will

also look at supply and demand from

order flow point of view

and in the last we will cover how you

can integrate supply and demand and

these methods to find your Edge

with that being said let's have a deep

dive so first of all we are going to

look at supply and demand from a

traditional point of view what I mean is

that when we usually look at at some

bullish candles and at bearish candles

what we do is that we try to draw lines

support and resistance and basically

based on those lines we make our trading

decisions but let's first of all try to

understand the structure of the market

why exactly the market moves in Cycles

so with that being said let's look at

the first cycle of the market which is

called the accumulation phase an

accumulation phase is a phase of the

market where smart money basically buys

the market right the price usually

consolidates within a certain range and

does not really break out of that range

right the price goes up gets rejected

comes down gets bought up and then just

stays in a very very tight consolidation

range that range is where smart man

money basically keeps on buying keeps on

buying keeps on buying before the the

the price starts breaking out right so

that is the first cycle of the market

now the second phase of the market the

second cycle of the market is called the

markup phase this is the phase where the

price starts trending higher right as we

have discussed before the accumulation

phase is where the smart money bought on

the prices now that is basically where

price is breaking out of the out of that

range right this is where usually retail

Traders start chasing the price right

but smart money is already in the

positions and is actually making money

on that move right

the third phase of the market is called

distribution phase this is where smart

money actually start Distributing right

so the price moved from here

consolidation here

and is trading higher right now folks

basically start Distributing start

taking profits of on their positions and

this is where usually the retail money

also to say the dump money

uh starts chasing

right

and the last phase of the market is

called mark down phase that is a phase

where basically you do not have any

buyers left

buyers are not willing to buy any more

because those prices are considered too

expensive and sellers take over and the

price starts trading lower

so to sum up we have concluded we have

learned that there are four phases of

the market we have the accumulation

phase of the market right where folks

buy stuff we have a markup phase where

basically the price starts trending we

have the distribution phase where

basically folks start

taking profits off the table and then we

have the markdown phase where sellers

take over right now in the context of

supply and demand what do these phases

mean

so enough in the context of four phases

four cycles that we have discussed so

far which are which are accumulation

which are marked up distribution and

marked down we can summarize all those

phases in this one picture right if you

look if you guys look at this picture

assuming that here is your accumulation

phase then you have markup or so to say

rally then you have another accumulation

and then you have a rally but the

question always is what is the entry

point where guy where you guys should

take a position right so the entry point

is not here why why the entry point is

not here because this is the spot where

your risk revote for their trade is the

least right because the price has

already moved folks actually bought here

and then they are sort of selling here

or taking some profits off the table so

you do not want to be the guy who comes

you know and and just start chasing and

and and takes stupid trades

the highest risk reward for a trade in

this scenario will be the re-test of the

demand Zone and the idea of the re-test

of the demand zone is that when the

price does come back to this area the

the big money the smart folks who who

actually move the market they will

defend their positions right they will

not let the price break that area and

start trending lower in fact they will

they will hold the price very very

strongly of this Zone and in fact will

even buy more or also so to say called

defend their positions right so that is

a perfect entry for going long so that

this is something which we will call or

which actually in a fundamental on

bigger on bigger scope is called the

demand Zone

right

now let's look at the supply Zone let's

assume that the market is trending down

where is our entry right now we take

exactly the same same concept that we

discussed in previous slides here we

have our accumulation right where big

folks actually uh sold a lot where they

built heavy positions Market started

dropping like node tomorrow and it

started consolidating again now again

this is not your area to chase right why

because again all those folks who

actually built their positions up here

they are in the process of taking money

they are they're in the process of

taking profits off the table so the

entry Position will again be the re-test

of this area

why because again we assume not only

Zoom but with with the such let's say

with the massive probability we do know

that big folk smart money they will

defend their positions and defending

their positions mean that they will not

let the price break that area so that is

the area for

your entry for the trade right and then

what is the next area for taking profits

now you you use your certain strategies

your certain mattresses your risk reward

and how you know on what time frames you

are trading and whatnot and basically

adjust your trade depending on those

mattresses

so what we have learned so far from this

scenario is that consolidation areas

they act as a strong support and demand

areas and the same and similarly and the

um the distribution phases act as strong

resistance areas and why the the major

reason is that the major hypothesis the

major assumption behind this is that

smart when he moves the market and when

whenever the price retracts those areas

they come in hard to defend their

positions right so this is the general

way so to say to look at the the

fundamentals of supply and demand now

let's take this to the next step and

let's try to look at certain examples

right so this is the first example of

price breaking the breaking the demand

Zone exactly what we discussed in the

previous slides we have a lot of

consolidation or so to say accumulation

going on right

smart money comes in heavy heavy heavy

and look at a big big buying orders

going in here and and and we are getting

a very very bullish candle right once

once why the concept is that this price

is too low this is not really the fair

value of the market because this is

considered too cheap by the buyers

we also create a massive massive demand

slash consolidation here and price

breaks out right once it breaks out now

we are accepting higher prices and again

are consolidating here

right now let's look at the same exact

example but from the supply side we have

a lot of consolidation going on here

right some big news heads or the big

guys come and all those folks who are

actually driving the price here they're

they are not building their positions

here they have built their positions in

this area right and this is again the

marked down phase of the market where

these guys are actually profitable so

what the rate here what the retail folks

will do they will come in here and try

to chase a move right

which is actually again not the best

area to get involved because this is

where your risk to reward for a trade is

the least

what will be the best area to get

involved again either the re-test

of the breakout zone or consolidation

and a continuation move lower

so let's quickly summarize what we have

learned so far we have learned so far

that if we look at the traditional way

of supply and demand there are four

major cycles that the market goes

through there's an accumulation phase

where the smart money actually

accumulates the prices then there is a

markup phase when the prices actually go

higher that's where the retail change is

but smart money actually does not

initiate the position in that markup

rally they actually already are in

profit slash start taking profits off

the table then we have a distribution

phase that's where they start offloading

and that's where again a retail starts

chasing and then finally we have the

markdown phase where sellers actually

come in hot and take over the buyers so

the traditional way to look at the

market the traditional way to look at

support and demand this is how basically

you go in now let's look at the supply

and demand from an order flow point of

view and to understand that let's look

at an example the concept of line demand

again is exactly the same price moves

higher when you have a lot of buys when

you have a lot of buyers coming in very

very strong and the price starts moving

lower when you have a lot of sell orders

or basically when the market

participants think that the price is too

expensive now how we can see that in the

order flow let's try to understand that

with an example so here you have

um a price shot of s p 500. in the

middle you have a price ladder on the

right side you have the ask or basically

the sellers and on the left hand side

you have the buyers

[Music]

now this is how a traditional order flow

ladder will look like right all these

folks

are

limit order guys what are the limit

order guys it means that they are

willing to sell or they are willing to

buy but they are willing to wait until

the price comes to their level and then

their order gets filled

right the same on the buyer's side they

are very patient buyers they are not

going to get aggressive they will wait

until the price comes to their entry

point and then their order get filled

order flow supply and demand or in

general overflow trading it's it's only

it's basically the interaction of buyers

and sellers but under the lens of limit

orders and aggressive orders

the idea is that aggressive odors move

the market these limit orders are not

going to move the market and also when

you usually see in a whenever we have

choppy sessions whenever we have

consolidation sessions or rain-bound

sessions and the price really does not

go anywhere why because you don't have

aggressive orders you basically have the

folks who are literally just sitting

there waiting for the price to come to

their entry point and then their order

gets filled right now coming back to how

we can spot supply and demand under the

order flow right so looking at this is

how the structure of the of the of the

ladder is now let's say that an

Institutional Traders

and a portfolio manager a hedge fund a

hedge fund manager get some sort of

information and or wants to put on a

hedge position or whatnot wants to get

filled instantly on a thousand Lots

right and now what that guy is gonna do

that's a question right is that guy

you're going to put a limit order which

means okay by the way fill me I will

wait here or is that guy going to go

very very aggressive putting a market

order and say fill me right now I don't

care about the price right now what

happens that these guys who who want to

get filled as soon as as possible they

do not Place limit orders they play

something called Market orders also to

say they are the aggressive buyers and

what happens looking back at this

picture

as those aggressive orders come in they

have to get matched with the sellers

right what's the what's a supply out

there which can be which can get

absorbed right so if we have thousand

Lots but here let's say our 100 here 100

here 200 here all of these guys gonna

get eaten right all of that Supply is

gonna get absorbed

and what you see basically that the

price moving very very quickly to the

higher level so you will see something

similar to that now

the the point is that this sort of

information you do not get you do not

really get these sort of insights by

looking at traditional candles right you

will not really able to see oh by the

way at what price or how the price move

moved or what was the aggressiveness of

the move or you know what what actually

happened when the price moved from point

A to point B

but if you look at these insights if you

look at the order flow this is going to

give you a lot more information you

would be able to spot the moves before

the move actually happen

now there is another example this is a

traditional way to look at supply and

demand right here you have your uh

traditional let's say line which you

draw as your support and here you have

your traditional line which you draw as

a resistance

but what are these candles showcasing

you nothing the only thing it is

showcasing you these are showcasing you

the price has moved higher and what

these are showcasing you are is that the

price has moved lower

but they are not really giving you any

information uh about how it moved how

how it moved higher where did the orders

get absorbed and where the exhaustion

kicked in there is no information on

that

but if you look at this chart from an

order flow point of view there's a lot

of information here right if we let's

just analyze the first candle look at

where the volume got traded and how many

contracts got traded look at here how

volume got traded and how many contracts

got traded and so on and so forth until

the resistance area where sellers come

in hot and look at this imbalance and

also

the aggressiveness of that imbalance now

this gives you a lot more information

that okay sellers have come in hard and

this is not just a pullback but that is

rather a sort of Christmas tree that the

price is going and to dump

so this will give you much more

information and insights and also the

confidence to take a short position

versus this versus this chart right and

also if you look at the Delta which is

basically the difference between between

the aggressive and buy-in sell orders

you see a massive imbalance being

created in these areas

so this sort of the structure gives you

way more information when you're looking

at supply and demand so looking at just

looking just looking at this chart what

I can draw from here is that okay let's

say let's assume that this is a chart

from you this is the chart from

yesterday what I can conclude okay but

by the way at this price level

2 000 contracts got traded and there

were aggressive sell loaders

at this price level

1300 contracts got traded and they are

they were aggressive buy orders so for

the next session when the price does

come to this point of reference I would

already know that yesterday that amount

of sellers came in very very hard so

this becomes a very very strong

resistance Point slash the reference

point for the session

now unless heavy heavy demand comes in

before that before we actually reach to

that point that has been established as

a very very strong resistance and that

hypothetically is being or has been

established as a very very strong

support right now you can also

collaborate that by looking at different

mattresses such as cumulative Delta such

a volume Delta and and so on and so

forth so let's sum this up let's sum up

the order flow way to look at supply and

demand the order for what we have

learned so far is that overflow way does

give you an edge when it comes to

looking at supply and demand by looking

at how many contracts traded at what

price where aggressiveness kicked in

where sellers kicked in where buyers

kicked in and with heavy volume and

heavy activity heavy price activity

those areas can become very very strong

influence points strong support strong

resistance points moving forward for the

next sessions now let's go to the next

step and let's try to answer the last

question for this session which is how

we can find those areas so in order to

find those areas you always have to look

from a bigger point of view what do I

mean by a bigger point of view I think

this chart gives you a very very strong

feeling what exactly we mean by that

terminology

we have a market could move lower but if

you look at them monthly time frame if

you look at a bigger time frame it might

actually be trending higher

right

for example here is an here is a perfect

example of a daily time frame where the

trend is bullish however if you look at

the micro time frame or so to say hourly

time frame Market has been ranging

coming down consolidating going a bit

higher and so on and so forth

so how you can find the Zone again

always start by looking at the bigger

picture and when we will when we look at

when we say look at the bigger picture

we always start by monthlies right you

start looking at the monthlies you

narrow it down to the date to the

weeklies

then to the dailies

then to the four hour charts then to the

hourly charts and then to the five

minute chart

and the again the reasoning behind such

a sort of metric is that the higher the

the the big time frame levels are the

more strong those levels are because

again the concept assumption is that big

money is basically is positioned on

those levels be it monthly levels or

beat weekly or daily levels those are

those areas or strong support and

resistance moving forward for any stock

or any commodity that you're trading so

do not just open your chart and start

drawing lines on the five minute always

start looking from the bigger picture

try to understand what exactly the trend

of the market is are we are we in a

bullish Trend or are we in a bearish

trend and how then small time frames

play a role and fit into that bigger

context so with that being said let's

summarize this topic in this video we

learned that there are two major ways

you guys can look at supply and demand

you can look at a traditional way of

supply and demand where you look at the

big players you look at the accumulation

phase of the market you guys look at the

distribution phase of the market and try

to see where smart money has opened and

closed their position and what are the

big consolidation areas because those

big consolidation areas act as a strong

resistance or support the second way

that we discussed is that you guys can

look at the order flow way the order

flow way gives you more insights into

what exactly has happened with the in a

specific candle if the candle is bullish

where exactly the volume has taken place

and if the candle is bearish where

exactly most contracts were traded the

most important thing for you is to have

a coherent and a structured process how

you guys actually draw and come up with

the support and resistance areas I hope

this video provided a lot of value to

you guys and if you guys like this video

go ahead and hit the like button and

thank you so much for watching I will

see you guys in the next video