What Make The Supply Above A Great Level For Sell Position
The 5%ers' Blog
Influence of Fresh Supply and Compression
As we can see on the 1D chart, the USDCAD price is struggling to move up, this kind of price behavior called “Compression”.
the price moves up step by step in a way that looks powerless, many Small candles, everything seems pressed.
above us, there is a great supply which most probably holds many unfilled orders, which indicates a strong level.
the combination of a price move up by Compression and a supply level creates a great opportunity for sell position.
when the price touches the supply above it’s the time to sell.
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