Demand Supply and Price Alerts
Would love some more feedback on zones/trades on my charts. :) I created supply/demand for the past 10ish days and have a couple specific questions. 1. The gap down (purple arrows) There is obviously no new high. But a lower (new) high is created after the gap down. So the bottom of the gap down is where the move originated. Is that what I'm supposed to do? Use this new lower high for setting up the next set of supply/demand zones? 2. The big green candle that opened below a prior supply zone (gold circle) but shot right up through the zone in 1 5 minute candle (both 1 hr and 5 minute charts attached) is this zone now negated or would you still take the trade where it touches the zone in the second 5 min candle. 3. For right now, it looks to me like ES is holding up in the area that was a supply zone so it's wait and see with that? or would I still be looking for a superman trade on the 5 minute if a candle closed below a prior candle fractal low? (hopefully I'm describing that step correctly!) I set an alert at the top of a demand zone. Does this look technically sound? Am I missing anything or do I seem to be on the right track? TIA everyone for your guidance!!