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Supply & Demand vs Fibonacci Rate this Topic:
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sbukosky
Posted : Sunday, July 15, 2012 1:06:51 AM
Registered User
Joined: 6/17/2012
Posts: 36

As an OTA student, I'm a believer in supply and demand zones, but rather than abandon stocks making new highs, I've studied Fibonacci extensions and have found TC2000 is great for utilizing both in my trading.

While I'd rather address this on an OTA forum, being that they are dragging their feet with Trader Nation, I'm hoping some fellow students are here and might have observations on when Fibonacci extensions pick-up where supply zones don't exist or are not clear?

As an example, I was looking at XOM. I don't see any fresh supply zone so I drew my Fibs and have the 161.8 at about the $90.60 level. I believe it is currently in an ascending triangle. This stock just caught my eye but it is only presented as an example. My concern is S&D along with Fibonacci extensions.

Steve Bukosky

Germantown OTA

tnsr7234
Posted : Saturday, May 06, 2017 3:42:22 AM
Gold Customer Gold Customer

Joined: 5/6/2017
Posts: 7

how do you show  on chart supply and demand zones tc2000 ver 17 thanks for your feed back

Bruce_L
Posted : Monday, May 08, 2017 9:43:04 AM


Worden Trainer

Joined: 10/7/2004
Posts: 59,186

There is no built in way to plot supply and demand zones in TC2000 and I really can't think of a way to do so using Custom Indicators either.



-Bruce
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