Pyramid Indicators

When supply and demand are nearly equal, price moves sideways. This sideways price action is called a consolidation zone. Above is a hand drawn rectangle over a consolidation zone on ES 12-22 5min. This usually happens before price continues its trend or reverses into a new trend. When the average range contracts over a period…

It’s important to be able to identify Support and Resistance. Support acts as a floor preventing further downward movement.Resistance acts as a ceiling preventing further upward movement. Price movement relies on supply and demand: Areas of support and resistance are created by the decisions of market participants working in an uncertain environment. Decisions to buy…