I'm Back! Let's simplify things... GOOGL Analysis
I like to dumb things down with my students sometimes. All the algorithms won't help without the basic understanding of liquidity and supply and demand.
In this video I try my best to outline how supply and demand works in the market and how we can see it at work at any point in the chart and on any time frame - in order to identify who is stronger at any given point and where we can see movement coming from.
Essentially, if sellers are stronger at a given level, price will need to come back down to areas where buyers are present. They will then try and break out of that selling level and will do it successfully if they have more buyers than sellers from that liquidity build (adding more buyers at lower prices). If they don't have enough, they will have to continue this process of digging deeper (controlled selling) which, although price is technically moving down, it is doing so in order to add more buyers to then break out of a strong level of resistance above.
I hope to check in with you all more often in the near future and I appreciate you all sticking with me during this time of transition!
Happy Trading all
In this video I try my best to outline how supply and demand works in the market and how we can see it at work at any point in the chart and on any time frame - in order to identify who is stronger at any given point and where we can see movement coming from.
Essentially, if sellers are stronger at a given level, price will need to come back down to areas where buyers are present. They will then try and break out of that selling level and will do it successfully if they have more buyers than sellers from that liquidity build (adding more buyers at lower prices). If they don't have enough, they will have to continue this process of digging deeper (controlled selling) which, although price is technically moving down, it is doing so in order to add more buyers to then break out of a strong level of resistance above.
I hope to check in with you all more often in the near future and I appreciate you all sticking with me during this time of transition!
Happy Trading all
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