My demand and supply trading strategy

[Neru]

This is how I analyze a major supply and demand area. Start with a daily candle and look for an engulfing candle then dial down to a four hour candle within that daily candle and look for an engulfing Candle than dial down to an hourly and look for an engulfing candle. Once you see that engulfing Candle on the hourly I call those institutions candles a big body with little wicks being pushed in a certain direction. If the markets don't retrace a whole lot for the day that is institutional activity pushing prices a certain direction. Once you see that happens you want to analyze any fundamental news that came out and then see if institutions were in agreement with the news