marking fakeout as supply demand

Marking the fakeout candle as a supply and demand base, the fakeout referred to here is a pinar candle or doji and the like, just 1 candle is enough but at least using the H4 timeframe and above, try to form the candle in a strong resistance support area. We mark it there, after the candle returns to that area, we immediately open a position



Linkback: https://www.forex.zone/trading-systems/10/marking-fakeout-as-supply-demand/3442/

In my opinion, this technique actually utilizes a core concept of price action: a fakeout at a key level often indicates that the market is "trapping" one side of market participants before moving in the opposite direction. Candlesticks such as pin bars, dojis, or variations thereof in strong support and resistance areas often signal significant order pressure at that level.