✈️ INDIGO | Demand Zone Setup
- Chart Context: Price is hovering near a well-established demand zone on the daily timeframe.
- Zone Strength: Historically respected by sharp bullish reversals, indicating strong buyer interest.
- Revisit Behavior: Multiple touches to the zone with rejection wicks suggest absorption of selling pressure.
- Volume Profile: Stable or rising volume near the zone implies accumulation by informed participants.
- Chart Context: Price is hovering near a well-established demand zone on the daily timeframe.
- Zone Strength: Historically respected by sharp bullish reversals, indicating strong buyer interest.
- Revisit Behavior: Multiple touches to the zone with rejection wicks suggest absorption of selling pressure.
- Volume Profile: Stable or rising volume near the zone implies accumulation by informed participants.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.