Hi Djred, yes we can have it both ways be that bullish as well as bearish In this example the 4hr chart, you could say that the bearish (supply) downward thrusts have been reducing. Now is that because of less supply or demand entering ?.. who knows and who really cares - was it the chicken before the egg lastly we also have to remember that this SOT has been forming on the smaller timeframe which if you take that out to the eod TF it is harder to see. would not expect any 'V' shaped bounce, more likely a sideways jiggle which if/when it does decide to move north Still has to take on that existing heavy supply to the left.
In this example the 4hr chart, you could say that the bearish (supply) downward thrusts have been reducing. Now is that because of less supply or demand entering ?.. who knows and who really cares - was it the chicken before the egg
