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09/05/2022
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The difference between Support/Resistance and Supply & Demand explained.
Supply & Demand are Support/Resistance, but Support/Resistance are not Supply & Demand. They do change roles from Support/Resistance to S&D and from S&D into Support/Resistance.
Support/Resistance:
Price moves between support and resistance doesn't break the opposing S/R (no BOS) until Supply or Demand forms which will break the opposing support or resistance (BOS). This is seen in ranges and consolidation (yes there is a difference between a range and consolidation). S/R is the Base in DBD, DBR, RBR, RBD.
Supply & Demand:
Price moving from demand to supply happens in an uptrend. So price breaks through opposing resistance (weak resistance). When demand can no longer break resistance, it becomes ordinary support until Demand forms and breaks resistance (BOS) or Supply forms and breaks support (BOS). Reverse this for a downtrend. This can be seen in uptrends and downtrends. S&D are the Drops and Rallys in DBD, DBR, RBR, RBD.
Does S/R or S&D become stronger or weaker the more they are tested?
Neither S/R or S&D get stronger the more they are tested because pending orders and traders waiting to enter market orders at those levels are depleted on each test. Think about it like this: Your floor doesn't get stronger by testing (hitting) it with a sledge hammer as you destroy the structural integrity of the floor. Pending orders and traders willing to enter at a level are the structural integrity of S/R and S&D. This is why untested S&D works best and why every S/R level eventually is broken.
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03/05/2022