Something everyone needs to understand is whether there is artificial volume or real volume on a stock. If institutions are behind a move, zones will be respected because there is real demand. Usually when they’re on a ticker, there’s hundreds of million of volume on the day
If it’s a callout by someone on twitter or a chatroom, it’s not real volume and the zones don’t have any REAL demand. Sometimes callouts and artificial volume can lead to real institutional demand coming in, so you have to look at the average volume of a stock and compare it
with the volume on that day and determine whether it’s catching real traction or not. You’ll get burned otherwise trying to buy what you think is a demand zone dip, when in reality it’s the stock crashing after an artificial push
Just because you see wicks does not immediately mean it’s supply and demand. Some larger retail traders will slap stocks to hold them up and keep them in range for their followers, and while that’s respectable, it’s only a matter of time before the stocks crash
You have to know how other traders and rooms operate when they’re on a trade. It’s not some textbook knowledge, it’s being street smart. Use everyone and everything as a scanner, but understand the foundation of supply demand revolves only around institutions, not retail
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