Is Supply and Demand Zone the Same With Support and Resistance Level?
Do they portray the same meaning or are they different in meaning and position on the chart with regard to different time frames. What is your opinion?
No they are not. Both in principle and in practice. Supply and demand, as the names imply, is the area where price has approach many times in the past. Unlike support and resistance which represent a precise point, supply and demand zone represent an area or a range of price movement.
They are not the same, novice Traders used to confuse these term. You can find their true definition and explanation on luckScout.com.
Supply and demand cannot be the same at support and resistance as price approaches support supply reduces as demand increases.At support sellers take their profit but not all, That’s why sometimes support or resistance is broken .
They are kind of similar in how they look when you see them sometimes on a chart but they are setup and traded completely differently. I have used both systems and had reasonable success. There are many great teaching on the internet to learn from.
I have never heard of supply and demand in forex trading. I have heard of overbought and oversold and definitely support and resistance.
THEY LOOK ALIKE BUT IF YOU GO DEEPER YOU WILL NOTICE THAT THEY ARE NOT THE SAME. THE SUPPLY AND DEMAND ZONES COULD BE VISIBLY SEEN IN THE HIGHER TIME FRAMES ESPECIALLY THE MONTHLY TIME FRAME
They are similar but not the same. Supply and Demand are represented as zones whereas support and resistance are mostly lines.
Nicely put David! S&D is sometimes tricky to trade usually because people always get in to early, the market drops and then their SL are hit. If you are interested in trading S&D I would suggest looking at the monthly chart and also add in the negatively correlating pair and then you will see how the market moves. To make it even better add on quarter points.
Yes in terms of forex or stock trading, which involve’s analysis of both.
They have some similarities when you see them on the chart,but they are very different in their concept. Many people used to confuse them.