German DAX 30 index breaking higher, creating a potential daily demand zone
3rd January 2017
AUDNZD forex currency pair three months demand in control, long at daily imbalances
6th January 2017

Dollar Index DXY breaking higher. weekly continuation pattern’s second leg out could be in the make, room to opposing counter trend weekly supply level around 106.90. New weekly demand levels are being formed on the way up since monthly demand zone at 95.89 took control. Long bias at daily and weekly demand zones.



Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.


  1. VPS says:

    Dollar Index DXY (4th Jan, 2017 post): Thanks for the post. I have the following 2 doubts:

    At the upper demand zone (marked 173 in blue rectangle), there are 3 basing candles. Why did you mark the demand zone considering body to wick of only one basing candle?

    Similarly, at the lower demand zone (marked 237), there are 2 basing candles. But you have considered only the 1st black candle for marking the demand zone. Any particular reason for that?

    • That’s what the rules say, that’s where the imbalances started. The top 173 weekly demand level starts at the weekly candle body’s open price and the bottom demand level’s two basing candles you are referring to are not part of the demand zone, it’s not what I consider to draw it’s what our rules say how we should draw imbalances. You don’t know all the rules probably which is why you are struggling with these zones. Cheers

  2. kiran says:

    thank you very much

  3. SuperMush says:

    I’m totally agree with this!

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