Hello I was watching this chart :
https://preview.redd.it/y2rysnu7qcx...bp&s=d0f83430750c8441f27f6c532b7b1bbe17f87e45
How should I behave in this situations? Here there are 2 POCs (point of control)... one is up and the other one is down (demand zone)as you can see... and the price hit it and now it's chopping there
The minor POC is above the VWAP the greater POC is below the vwap
My question is: Which POC should I consider the most ? The most recent?
Also I have another question: Why is that zone classified as ''demand zone'' ? I have seen this graph on a forum so I didn't know who to ask this thing. Why is that a demand zone?
https://preview.redd.it/y2rysnu7qcx...bp&s=d0f83430750c8441f27f6c532b7b1bbe17f87e45
How should I behave in this situations? Here there are 2 POCs (point of control)... one is up and the other one is down (demand zone)as you can see... and the price hit it and now it's chopping there
The minor POC is above the VWAP the greater POC is below the vwap
My question is: Which POC should I consider the most ? The most recent?
Also I have another question: Why is that zone classified as ''demand zone'' ? I have seen this graph on a forum so I didn't know who to ask this thing. Why is that a demand zone?