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Supply and Demand in Trading Explained by Abdul Rachman is a document available to read on EtoBox.
This chapter discusses supply and demand concepts in financial markets including: 1. Price moves up when demand is higher than supply, and moves down when supply is higher than demand. 2. Candlestick patterns like engulfing patterns and Doji candles indicate indecision in the market and possible reversals. 3. Support and resistance levels are identified by candlestick shadows, and significant support/resistance lines flip between support and resistance as the trend changes direction.
- Author
- Abdul Rachman
- Language
- EN