💫Best Supply and Demand Zones Indicators

☀️There are many indicators that you can use to confirm supply and demand zones on a price chart. Some of the best ones include:

💫Pivot Points

☀️Most traders use daily or weekly pivot points to indicate potential supply and demand zones - also referred to as resistance and support levels. These points are technical analysis indicators that provide traders with an average of high, low, and closing prices from the last trading day.

💫Support and Resistance Levels

☀️The concepts of support and resistance help traders understand and evaluate chart patterns. Support refers to price levels where the downward movement stops due to increased demand for an asset.

☀️On the other hand, resistance describes price levesl where upward price movement reverses with a sell-off.

💫Fibonacci Levels

☀️Fibonacci levels help traders identify possible turning points at supply and demand zones. In the chart above, the Fibonacci 61.8% retracement level is reveals a significant supply/resistance level.