Trading Education: Understanding the 'Drop Base Drop' Supply Z | Journal Of Mikael
Trading Education: Understanding the 'Drop Base Drop' Supply Zone
Ever heard of the 'Drop Base Drop' supply zone in trading? Let's break it down!
Identifying the Zone: The 'Drop Base Drop' pattern forms when there's a significant drop in price (the first 'drop'), followed by a consolidation or base (the 'base'), and then another drop (the second 'drop'). This pattern can often be spotted on a price chart.
Analyzing Market Sentiment: The first drop indicates selling pressure, followed by a consolidation phase where buyers and sellers reach a temporary equilibrium. The second drop signifies renewed selling pressure and often leads to a further decline in price.
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