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EDU | Concave Upward - The world shall call this as #COD
In economics, the law of demand states that the quantity demanded and the price of a good or service is inversely related, other things remaining constant. Therefore, the demand curve will generally be downward sloping, indicating the negative relationship between the price of a good or service and the quantity demanded.
We're mentioning about demand, so you know we aim for a bullish trend to happen after.
** NB :
Please not that this chart represents movement that already happened during mid April 2021 to the first week of May 2021.
However, soon we will post another setup that looks very identical to the one in here. [XAUUSD]
We aim to educate by showing knowledge that can help traders' journey along the way.
We're mentioning about demand, so you know we aim for a bullish trend to happen after.
** NB :
Please not that this chart represents movement that already happened during mid April 2021 to the first week of May 2021.
However, soon we will post another setup that looks very identical to the one in here. [XAUUSD]
We aim to educate by showing knowledge that can help traders' journey along the way.
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