Just wondering about the theory of bounces...what is going on in the market/traders' minds?
1 Sellers get in
2 Rejection off support
3 Who is selling here and why?
4 Bounce off support (classic time to buy)
5 Profit taking from buyers?
6 Some buyers stay in and bounce of recent resistance turned support line.
7 Profit taking buyers close turning into sells.
1 Sellers get in
2 Rejection off support
3 Who is selling here and why?
4 Bounce off support (classic time to buy)
5 Profit taking from buyers?
6 Some buyers stay in and bounce of recent resistance turned support line.
7 Profit taking buyers close turning into sells.
![supplydemand.gif](/proxy.php?image=http%3A%2F%2Fwww.sidekicker.net%2FSB%2Fsupplydemand.gif&hash=1be43480a2963173eb55c9b7c91f1d6b)