$DT is a wonderful ticker for examining how Supply and Demand Zones work while trading.
As shown on our chart, once we've identified a potential supply zone, denoted by the red box, sellers will consistently step in at this range, and price will consistently reject until we break out. Upon breaking out, this demand zone becomes a SUPPLY zone, denoted by the green box.
Now, at this exact same zone, we'll have buyers stepping in instead of sellers. Price will now consistently reverse and bounce here, allowing us to safely enter longs.
To top it all off, we're sitting right at a long-term support trendline, AND a demand zone as well, meaning we have an extremely safe long entry leading into this trade.
I'll keep my eye on this ticker going into the new year.
As shown on our chart, once we've identified a potential supply zone, denoted by the red box, sellers will consistently step in at this range, and price will consistently reject until we break out. Upon breaking out, this demand zone becomes a SUPPLY zone, denoted by the green box.
Now, at this exact same zone, we'll have buyers stepping in instead of sellers. Price will now consistently reverse and bounce here, allowing us to safely enter longs.
To top it all off, we're sitting right at a long-term support trendline, AND a demand zone as well, meaning we have an extremely safe long entry leading into this trade.
I'll keep my eye on this ticker going into the new year.